CL Educate Buyback 2023 announced on 02 August 2023. The CL Educate buyback will begin on August 21, 2023, and end on November 28, 2023. The company will buy back approximately 15,95,744 equity shares, or approximately 2.90% of face value ₹5, at a price of ₹94 per equity share. The size of this buyback is about ₹15.00 crore and this will be done through a buyback on the Open market.
CL Educate Ltd focuses on diverse segments of education, and caters to learners from multiple age-groups. Led by a team of highly qualified professionals, including IIT-IIM alumni, with a passion for excellence in education, CL Educate Ltd has shaped the lives and careers of innumerable students over the 25+ years of its existence.
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The company has 200 test-prep centres spread across 100 cities in India. As part of our global expansion, the company also operate test-prep centers in the UAE.
Necessity of the Issue :
- The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares;
- The Buyback may help in improving return on equity, by reduction in the equity base, thereby leading to an increase in shareholders’ value; and
- The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares to be accepted under the Buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.
CL Educate Buyback 2023 Offer Details:
| Event Name | Details |
| Buyback Type | Open Market |
| Buyback Record Date | Open Market |
| Buyback Offer Amount | ₹15.00 Cr |
| Buyback Offer Size | 2.90% |
| Buyback Number of Shares | 15,95,744 |
| Listing | NSE, BSE |
| Face Value | ₹5 per share |
| Buyback Price | ₹94 per share. |
CL Educate Buyback 2023 Dates :
We have covered all important dates related to “CL Educate Buyback 2023” Buyback Activity Dates are updated as they are announced.
| Buyback Activity | Dates |
| Buyback proposal Date : | 02 August 2023 |
| Buyback Approval Date : | 02 August 2023 |
| Public Announcement Date ; | 02 August 2023 |
| Last Date to buy shares : | The offer is open Market |
| Buyback Record Date ; | The offer is open Market |
| Buyback Opening Date : | 21 August 2023 |
| Buyback Closing Date : | 28 November 2023 |
CL Educate Limited Financial Report (in Cr) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹291 | ₹266 | ₹23 |
| 2022 | ₹209 | ₹189 | ₹14 |
| 2021 | ₹182 | ₹193 | ₹-13 |
Quick Link :
Registrar of The Buyback :
KFin Technologies Limited
Selenium Tower B Plot 31-32,
Gachibowli, Financial District
Nanakramguda, Hyderabad 500 032,
Telangana, India
Tel: +91 (40) 6716 2222
Fax: +91 (40) 2343 1551
E-mail: [email protected]
Investor Grievance E-mail: [email protected]
Website:https://www.kfintech.com/
Manager of The Buyback :
V.B. Desai Financial Services Limited
Cama Building, 1st Floor,
24/26, Dalal Street,
Fort, Mumbai – 400 001
Tel. No: 022-40770709; 022-40770777
Contact Person: K.K. Antoo
Email: [email protected]
Website: www.vbdesai.com
Company Address :
CL Educate Limited
Registered Office: Plot No. 9A,
Sector – 27A, Mathura Road,
Faridabad, Haryana, 121003
Tel: +91-011-41281100
Fax: +91-011-41281101
Email: [email protected]
Website: www.cleducate.com
How to Participate in CL Educate Ltd buyback?
The Investors are eligible for the buyback scheme who have CL Educate shares in their Demat account as the Record date is Not Declare as the offer is Open Market. Investors can participate in the CL Educate Buyback 2023 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 CL Educate buyback scheme.
How to apply for CL Educate 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 CL Educate and then Place order.
- Enter the quantity and tap on Submit.
How to apply for CL Educate 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 CL Educate Buyback in the search option.
- You can see CL Educate buyback result in search option tap on the CL Educate buyback.
- You will reach the CL Educate buyback screen, here enter the number of shares and click sell.
- You can see your order is successfully placed.
How to apply for CL Educate 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 CL Educate stock for buyback.
- Enter the quantity and click on apply.
- If you have submitted your POA, then the buyback will be confirmed.
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CL Educate Buyback 2023 FAQs:
When is CL Educate Buyback Announcement Date?
CL Educate buyback 2023 announcement date is 02 August 2023.
When is CL Educate Buyback Open Date?
CL Educate buyback Open date is 21 August 2023.
When is CL Educate Buyback Close Date?
CL Educate buyback Close date is 28 November 2023.
When is CL Educate Buyback Record Date?
CL Educate buyback 2023 Record date is Not Declare as the offer is Open market.
What is CL Educate Buyback Price?
CL Educate company has fixed the price at ₹94 per share.
What is CL Educate Buyback Offer Size?
CL Educate company Buyback Offer Size is ₹15.00 Cr.
How to apply for CL Educate Buyback 2023?
As per the record date you need to have CL Educate shares in your Demat account. You can participate in buyback after having the stock in your account.
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