• Buyback Issues List

BSE

NSE

1. When is SIS Buyback offer coming?

   The SIS Buyback opens on May 12, 2021, and closes on May 27, 2021.

2. Which type of buyback is SIS Buyback offer?

   The SIS Buyback is a Tender Offer.

3. What is the schedule of activities for SIS Buyback?

   SIS Buyback Schedule

   Buyback Opening Date	May 12, 2021
   Buyback Closing Date	May 27, 2021
   Last Date for receipt of Tender Forms	May 29, 2021
   Finalisation of Buyback Acceptance	Jun 4, 2021
   Last Date for settlment of bids	Jun 7, 2021
   Last Date for Extinguishment of Shares	Jun 14, 2021

4. What is the offer price for SIS Buyback offer?

   The SIS Buyback is being offered at Rs ₹550 per share per equity share.

5. In what ratio is the SIS Buyback offered?

   Category	Entitlement Ratio of Buyback
   Reserved Category for Small Shareholders	9 Equity Shares out of every 91 Equity Shares held on the Record Date.
   General Category for all other Eligible Shareholders	6 Equity Shares out of every 565 Equity Shares held on the Record Date.

6. What is the record date for SIS Buyback offer?

   The record date for the SIS Buyback is Apr 9, 2021.

7. What is the issue size of SIS Buyback?

   The issue size of SIS Buyback is of 0.18 Crores equity shares at ₹550 per share aggregating upto ₹100.00 Crores.

8. What is the necessity for SIS Buyback?

   The Buyback aims to :
   i) Return surplus cash to the shareholders and enhance overall return to the shareholders.
   ii) Improve Return on Equity to enhance shareholder value in the long term.
   iii) Improve Earnings per equity share and thus thereby enhance return on invested capital.

9. Where can I get the Letter of Offer for SIS Buyback?

   Letter of Offer

10. How to participate in SIS Buyback?

    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.

11. Is SIS Buyback good or bad?

    The SIS 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.