Birlasoft Limited Buyback 2022 announced on 23 May 2022. The Birlasoft Limited buyback to start from 11 August 2022 and closes on 26 August 2022. The Company will do Buyback with equity of 78,00,000 Equity Shares around 2.79% of Face Value ₹2/ Each Fully paid off at a Price Of ₹500/- Per Equity. The size of this Buyback is about ₹390 Crores. And this will be done through a Buyback Ternder Offer.
Birlasoft limited is engaged in Computer programming, consultancy, and related activities. The company provides software development and IT consulting to its customers predominantly in Banking, Financial Services, and Insurance, Life Sciences and Services, Energy Resources and Utilities, and Manufacturing. The Company’s registered office is in Pune. It is part of The CK Birla Group, Birlasoft, comprising over 10,000 plus professionals. The company presence United States, United Kingdom, France, Germany, Dubai, Australia, India, and Singapore among other countries.
Necessity of the Issue :
- The Buyback will help the Company to distribute surplus cash to its members holding Equity Shares thereby enhancing the overall return for them.
- The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by the reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders’ value.
Birlasoft Limited Buyback Review :
■ Apply
| Read also:- Share Buyback List 2022 |
Birlasoft Limited Buyback 2022 Offer Details:
| Event Name | Details |
| Buyback Type | Tender Offer |
| Buyback Record Date | 15 July 2022 |
| Buyback Offer Amount | ₹390 Cr |
| Date of Board Meeting approving the proposal | 27 May 2022 |
| Date of Public Announcement | 27 May 2022 |
| Buyback Offer Size | 2.79% |
| Buyback Number of Shares | 78,00,000 |
| Listing | NSE, BSE |
| Face Value | ₹2/- Rs. |
| Buyback Price | ₹500/- per share. |
Birlasoft Limited Buyback 2022 Dates :
We have covered all important dates related to “Birlasoft Limited Buyback 2022” Buyback Activity Dates are updated as they are announced.
| Buyback Activity | Dates |
| Board Meeting for Buyback proposal | 27 May 2022 |
| Buyback Approval date | 27 May 2022 |
| Public Announcement Date | 27 May 2022 |
| Buyback Record Date | 15 July 2022 |
| Buyback Opening Date | 11 August 2022 |
| Buyback Closing Date | 26 August 2022 |
Birlasoft Limited Limited Financial Report (in Cr) :
| Year | Revenue | Expense | PAT |
| 2022 | ₹4130.00 | ₹3490.00 | ₹464.00 |
| 2021 | ₹3556.00 | ₹3026.00 | ₹321.00 |
| 2020 | ₹3,291.00 | ₹2,899.00 | ₹224.00 |
Quick Link :
■ Publication Letter
■ Letter of Offer
■ Application Form
Registrar of The Buyback :
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
Manager of The Buyback :
Kotak Mahindra Capital Company Limited
Address: 27BKC, 1st Floor,
Plot No. C-27, “G” Block, Bandra Kurla Complex,
Bandra (East), Mumbai – 400051.
Tel. no.: +91-22-4336-0128
Fax no.: +91-22-6713-2447
Email: [email protected]
Website: http://www.investmentbank.kotak.com/
Company Address :
Birlasoft Limited
Plot No. 35 & 36,
Rajiv Gandhi Infotech Park, Phase 1,
MIDC, Hinjawadi, Pune 411 057
Phone: +91 20 6652 5000
Email: [email protected]
Website: https://www.birlasoft.com
How to Participate in Birlasoft Limited Ltd buyback?
The Investors are eligible for the buyback scheme who have Birlasoft Limited shares in their Demat account as the Record date is 15 July 2022 as the offer is Tender Offer. Investors can participate in the Birlasoft Limited Buyback 2022 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under the Birlasoft Limited buyback scheme.
How to apply for Birlasoft Limited buyback zerodha?
You can apply for the buyback, follow the steps below:
- Visit console.zerodha.com.
- Click on the context menu and then Portfolio.
- Click on Corporate actions.
- Click the Buybacks tab, tap on Birlasoft Limited and then Place order.
- Enter the quantity and tap on Submit.
How to apply for Birlasoft Limited buyback on Groww?
You can apply for the buyback, follow the few steps below: This feature not applicable on Groww App only available on Groww Website.
- Visit the official Groww website.
- Search Birlasoft Limited Buyback in the search option.
- You can see Birlasoft Limited buyback result in search option tap on the Birlasoft Limited buyback.
- You will reach the Birlasoft Limited buyback screen, here enter the number of shares and click sell.
- You can see your order is successfully placed.
How to apply for Birlasoft Limited buyback on upstox?
You can apply for the buyback, follow the few steps below:
- Login to the Upstox app using your 6-digit PIN or biometrics.
- Click on the Account Section on your right bottom corner (Applicable New upstox app).
- Click ‘Account’, then ‘Corporate actions’ and then Buyback / Delisting/ Takeover.
- Select the Birlasoft Limited stock for buyback.
- Enter the quantity and click on apply.
- If you have submitted your POA, then the buyback will be confirmed.
How to apply for Birlasoft Limited buyback online on linkintime?
You can apply for the buyback from Linkintime, follow the few steps below:
- Visit the official Linkintime website.
- Choose Investor service Option and then click Offer buyback. (Direct Link)
- Click drag down menu and select your buyback stock.
- Enter you choose Demat DPID Or Pan Number Or Foilio Number.
- Click Submit button.
| Read also:- Rights issue 2022 |
Birlasoft Limited Buyback 2022 FAQs:
When is Birlasoft Limited Buyback Announcement Date?
Birlasoft Limited buyback 2022 announcement date is 27 May 2022.
When is Birlasoft Limited Buyback Open Date?
Birlasoft Limited buyback Open date is 11 August 2022.
When is Birlasoft Limited Buyback Close Date?
Birlasoft Limited buyback Close date is 26 August 2022.
When is Birlasoft Limited Buyback Record Date?
Birlasoft Limited buyback 2022 Record date is 15 July 2022 as the offer is Tender Offer.
What is Birlasoft Limited Buyback Price?
Birlasoft Limited company has fixed the price at ₹500 per share.
What is Birlasoft Limited Buyback Offer Size?
Birlasoft Limited company Buyback Offer Size is ₹390 Cr.
How to apply for Birlasoft Limited Buyback 2022?
As per the record date you need to have Birlasoft Limited shares in your Demat account. You can participate in buyback after having the stock in your account.
Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.