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Current Buyback Offers (Tender and Open Market) 2020

Buyback of shares is the repurchasing of own shares by a company. In simple words, buyback is nothing but a company buying back its shares from the existing shareholders. A company can announce a buyback offer either through a tender offer or through the open market or from odd-lot holders. The buyback offer price is usually higher than the market price.

Learn more about Buyback of Shares.

In the case of a tender offer, the existing shareholders as on a record date can opt to accept the offer and tender their shares in exchange for cash offered by the company as per the prescribed buyback ratio.

In the case of an open market offer, any Equity shareholder of the company can participate in the buyback offer through their stockbroker till the buyback window is open.

The buyback offer benefits the shareholders as it helps improve the shareholder value, increase return on share capital, and fetches a premium price. However, one should study the company's performance and understand one's need and risk appetite to decide whether one wants to stay invested or offer the shares in buyback.

Issue open

List of buyback of shares in India 2020

Company Name Record Date Issue Open Issue Close Buyback Type BuyBack price (Per Share) Current Market Price Issue Size - Shares (Cr) Issue Size - Amount (Cr)
Tanla Platforms LimitedTender Offer1200787.10.14170
S.P. Apparels LtdOct 07, 2022Tender Offer585428.050.0635.1
Shyam Century Ferrous LimitedSep 27, 2022Tender Offer2822.8128
SIS LimitedAug 30, 2022Tender Offer550416.30.1580
CARE Ratings LimitedSep 14, 2022Tender Offer515505.050.24121.95
IIFL Securities LimitedDec 30, 2020Jun 29, 2021Open Market Through Stock Exchange5466.290
Rane Brake Lining LimitedOct 27, 2020Apr 26, 2021Open Market Through Stock Exchange825713.622
Hindustan Petroleum Corporation LimitedNov 17, 2020May 14, 2021Open Market Through Stock Exchange250216.252500
Sreeleathers LimitedDec 04, 2020Jun 03, 2021Open Market Through Stock Exchange160235.5532
  1. Participation in a buyback offer is voluntary.
  2. To be eligible to participate in the tender offer, one must be a shareholder of the company as of the record date.
  3. The eligible shareholders can tender for additional equity shares in the tender offer. The acceptance of the additional shares will depend on the number of shares left for the buyback.
  4. The buyback is open for all shareholders holding Equity shares in Demat form or physical share certificates.
  5. The buyback offer period depends on the type of buyback.
    • The tender offer for buyback shall remain open for ten working days.
    • The open market offer through the stock exchange mechanism shall remain open for a maximum period of six months.
    • The open market offer through the book-building process shall remain open for a minimum period of fifteen days and a maximum period of thirty days.

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