Open Market Through Stock Exchange | ₹850.00 Crores | Listing at BSE, NSE | Wed, Dec 21, 2022 - Mon, Feb 13, 2023
One 97 Communications Ltd. Buyback is a tender offer for the repurchase of up to equity shares at a buyback price of ₹810 per share with a face value of ₹1 per share, aggregating to ₹850.00 crores.
The buyback opens on Dec 21, 2022 and closes on Feb 13, 2023.
Axis Capital Ltd. is the Manager to the Buyback and MUFG Intime India Pvt.Ltd. is the Registrar and Axis Capital Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the One 97 Communications Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Wed, Dec 21, 2022
Offer Closing Date
Mon, Feb 13, 2023
Buyback Price
₹810 per share
Record Date
[.]
| Period Ended | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|
| 07-Apr-20 | 3540.7 | -2842.4 | 8105.2 | 208.7 |
| 31-Mar-21 | 3186.8 | -1701 | 6534.8 | 544.9 |
| 31-Mar-22 | 5264.3 | -2396.4 | 14151.6 | 0.1 |
| Amount in ₹ Crore | ||||
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.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2022 | 668.45 | 439.60 | 565.94 |
| Oct-2022 | 745.00 | 624.65 | 668.99 |
| Sep-2022 | 747.75 | 627.60 | 698.33 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Nov-2022 | 668.40 | 438.35 | 565.98 |
| Oct-2022 | 745.45 | 625.00 | 668.92 |
| Sep-2022 | 748.00 | 629.55 | 698.32 |
The Buyback is being undertaken for the following reasons:
One 97 Communications Ltd.
Skymark One, Shop No.1, Ground Floor, Tower-D,
Plot No. H-10B, Sector 98, Noida
UP-201301
Sector, Uttar Pradesh
Lead Manager(s)
Registered Broker
The One 97 Communications Buyback opens on December 21, 2022, and closes on February 13, 2023.
The One 97 Communications Buyback is a Open Market Through Stock Exchange.
One 97 Communications Buyback Schedule
| Buyback Opening Date | December 21, 2022 |
| Buyback Closing Date | February 13, 2023 |
| Last date for acceptance of shares | Upon relevant pay-out by the Stock exchange |
The One 97 Communications Buyback is being offered at Rs ₹810 per share.
There is no ratio applicable in case of open market offer 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:
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.
