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Dec 21, 2022 - Jun 19, 2023

One 97 Communications Limited Buyback (One 97 Communications Buyback) Detail

One 97 Communications Limited (OCL) owns the brand Paytm, India's leading payments and financial services company and the pioneer of QR and mobile payments. Paytm is India's payment Super App offering consumers and merchants the most comprehensive payment services. Paytm enables commerce for small merchants and distributes various financial services offerings to its consumers and merchants in partnership with financial institutions.

India's Most-loved Payments App for Recharge & pay bills, booking flights & movie tickets, open a savings account, invest in stocks & mutual funds, and do a lot more.

More than 300 million Indians use Paytm to Pay at their stores. Today, more than 20 Million merchants & businesses are powered by Paytm to Accept Payments digitally.

One 97 Communications Buyback Detail

Issue PeriodDec 21, 2022 - Jun 19, 2023
Security NameOne 97 Communications Limited
Issue TypeOpen Market Through Stock Exchange
Issue Size (Amount)₹850.00 Crores
Buyback Price₹810 per share
Face Value₹1 per share
Listing AtBSE, NSE

Company Financials

One 97 Communications Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthTotal Borrowing
07-Apr-203540.7-2842.48105.2208.7
31-Mar-213186.8-17016534.8544.9
31-Mar-225264.3-2396.414151.60.1
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 668.45 439.6 565.94
Oct-2022 745 624.65 668.99
Sep-2022 747.75 627.6 698.33

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 668.4 438.35 565.98
Oct-2022 745.45 625 668.92
Sep-2022 748 629.55 698.32

Necessity of the Issue

The Buyback is being undertaken for the following reasons:

  • The Board believes that this buyback is a sign of confidence thai the Company is on a clear path to deliver cash flow profitability, and this buy-back will not have any impact on growth plans in the near future or on its profitability plans.

One 97 Communications Buyback Documents

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Company Contact Information

One 97 Communications Limited
Skymark One, Shop No.1, Ground Floor, Tower-D,
Plot No. H-10B, Sector 98, Noida
UP-201301

Phone: +91-120- 4770770
Email:
Website: https://paytm.com/

One 97 Communications Buyback Registrar

  1. Link Intime India Private Ltd
       Link Intime India Private Ltd
       C 101, 247 Park, L.B.S.Marg,
       Vikhroli (West), Mumbai - 400083

    Phone: +91-22-4918 6270
    Email: delhi@linkintime.co.in
    Website: https://linkintime.co.in/

One 97 Communications Buyback Manager

Lead Manager(s)

  1. Axis Capital Limited

Registered Broker

  1. Axis Capital Limited
    Email: amrish.parmar@axiscap.in

Find One 97 Communications Buyback Latest Update

One 97 Communications Buyback FAQs

The One 97 Communications Buyback opens on Dec 21, 2022, and closes on Jun 19, 2023.

The One 97 Communications Buyback is a Open Market Through Stock Exchange.

One 97 Communications Buyback Schedule

Buyback Opening DateDec 21, 2022
Buyback Closing DateJun 19, 2023
Last date for acceptance of sharesUpon relevant pay-out by the Stock exchange

The One 97 Communications Buyback is being offered at Rs ₹810 per share per equity share.

There is no ratio applicable in case of open market offer through stock exchange mechanism.

There is no concept of record date in case of open market through stock exchange mechanism.

The One 97 Communications Buyback has announced a buyback for an aggregate amount of not more than Rs. ₹850.00 Crores with pricing of Rs.₹810 per share.

The Buyback is being undertaken for the following reasons:

  • The Board believes that this buyback is a sign of confidence thai the Company is on a clear path to deliver cash flow profitability, and this buy-back will not have any impact on growth plans in the near future or on its profitability plans.

Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.

The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.

The One 97 Communications Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.


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