Piramal Enterprises Limited Buyback (Piramal Enterprises Buyback 2023) Detail

Last date to be eligible to participate in buyback is August 24, 2023.

The Piramal Enterprises Buyback 2023 is a Tender Offer.

The Piramal Enterprises Buyback 2023 is being offered at Rs ₹1250 per share per equity share.

The record date for the Piramal Enterprises Buyback 2023 is August 25, 2023.

The issue size of Piramal Enterprises Buyback 2023 is of 14,000,000 equity shares at ₹1250 per share aggregating upto ₹1,750.00 Crores.

The Buy Back is being proposed by the Company to fulfill the following objectives:

1. The Buyback will help the company to return surplus cash to its shareholders holding Equity Shares.
2. The buyback will help the company improve its capital structure by optimizing debt to equity ratio. It would also help in improving financial ratios such as EOS and ROE.
3. The Buyback gives an option to the shareholders holding Equity Shares of the company, either to sell their Equity Shares and receive cash or not to sell their Equity Shares and get a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.
4. The Buyback, which is being implemented through the tender offer as prescribed under the Buyback Regulations, would involve a minimum reservation of 15% for Small Shareholders and allocation of a higher number of shares as per their entitlement or 15% of the number of shares to be bought back, reserved for the Small Shareholders. The Company believes that this reservation for Small Shareholders would benefit a large number of public shareholders, who would get classified as Small Shareholders.

Letter of Offer

All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.

The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.

The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.

The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.

The Piramal Enterprises Buyback 2023 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.