|
A tender offer is an invitation by the company to buy back its own shares from the existing shareholders of the company on a proportionate basis at a specified price. The buyback offer price is generally higher than the market price. The existing shareholders are the investors who hold the shares of that company as on the record date fixed by the company.
The company issues a Letter of Offer with the Tender form enclosed in it to all the eligible shareholders of the company. The eligible shareholders can approach their respective brokers to know the online/offline facilities to participate in the buyback as available at their end.
A Tender Offer buyback offers investors an opportunity to take advantage of the premium pricing and exit their positions to reap quick gains. The investors need to assess the company's background and prospects to decide whether they want to tender their shares or stay invested.
Refer below to the list of buybacks through the Tender offer.
Upcoming
Issue open
2019 | Year 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) | Compare |
---|---|---|---|---|---|---|---|---|---|
Wipro Limited | Jun 16, 2023 | Tender Offer | 445 | 397.85 | 26.97 | 12000 |
2019 | Year 2020 > > |
---|
Disclaimer:
FREE Account Opening (₹0)
FREE Intraday Trading (Eq, F&O)
30 days brokerage free trading
Free - Relationship Manager
Free - Classroom Training
|