Quick Heal Buyback 2021 announced on 10 March 2021. The Company will do Buyback with equity of 6,326,530 Equity Shares around 24.90% of Face Value Rs. 10/ Each Fully paid off at a Price Of Rs. 245/- Per Equity. The size of this Buyback is about 155 Crores. And this will be done through a Buyback Tender Offer.
Let us know that Quick Heal Technologies Ltd. (Formerly Known as Quick Heal Technologies Pvt. Ltd.) is one of the leading IT security solutions company. Each Quick Heal product is designed to simplify IT security management across the length and depth of devices and on multiple platforms. They are customized to suit consumers, small businesses, Government establishments and corporate houses.
Over a span of 25 years, the company’s R&D has focused on computer and network security solutions. The current portfolio of cloud-based security and advanced machine learning-enabled solutions to stop threats, attacks, and malicious traffic before it strikes. Quick Heal is committed to developing security solutions that ensure resource availability, business continuity, and uninterrupted digital experiences. The organization is managed in a high entrepreneurial spirit and has always encouraged adaptation to technological transformations and product customization and has a customer-centric approach.
Quick Heal buyback 2021 Offer Details:
|Buyback Type||Tender Offer|
|Buyback Record Date||3 May 2021|
|Buyback Offer Amount||155 Cr|
|Date of Board Meeting approving the proposal||10 March 2021|
|Date of Public Announcement||19 April 2021|
|Buyback Offer Size||9.85%|
|Buyback Number of Shares||63,26,530|
|Price Type||Tender Offer|
|Face Value||₹10/- Rs.|
|Buyback Price||₹245/- Rs.|
Quick Heal Buyback 2021 Important Dates
We have covered all important dates related to “Quick Heal Buyback 2021” Buyback Activity Dates are updated as they are announced.
|Board Meeting for Buyback proposal||10 March 2021|
|Buyback Approval date||10 March 2021|
|Public Announcement Date||22 April 2021|
|Buyback Record Date||3 May 2021|
|Buyback Opening Date||31 May 2021|
|Buyback Closing Date||11 June 2021|
Details Of The Buyback Offer and Offer Price :
The Board of Directors of the Quick Heal Company (“Board”, which expression shall include any committee constituted/to be constituted by the Board to exercise its powers, including the powers conferred by this resolution) hereby approves the buyback of up to 63,26,530 fully paid-up equity shares of face value of ₹ 10/- each of the Company (“Equity Shares”) representing up to 9.85% of the total paid-up Equity Share capital of the Company as on the date of the Board meeting at a price of ₹245/– per Equity Share (“Buyback Price”) payable in cash for an aggregate amount of up to ₹ 1,550 million (“Buyback Size”).
Excluding any expenses incurred or to be incurred for the Buyback like filing fee payable to SEBI, advisory fees, public announcement publication expenses, printing, and dispatch expenses, transaction costs viz. brokerage, applicable taxes such as buyback tax, securities transaction tax, goods and service tax, stamp duty, etc. and other incidental and related expenses ), being 24.09% and 24.24% of the fully paid-up Equity Share capital and free reserves as per the latest audited standalone and consolidated financial statements of the Company as at March 31, 2020.
Through the “tender offer,” route as prescribed under the Buyback Regulations and the “Mechanism for acquisition of shares through Stock Exchange” notified by SEBI vide circular 11 CIR/CFD/POLICYCELL/1/2015 dated April 13, 2015, read with the circulars issued in relation thereto, including the circular CFD/DCR2/CIR/P/2016/131 dated December 09, 2016, or such other mechanism as may be applicable (the process is referred hereinafter as “Buyback”), on a proportionate basis, from the equity shareholders / beneficial owners of the Equity Shares of the Company as on the record date (the “Record Date”) to be subsequently decided by the Board or a committee of the Board.
Quick Heal Offer Of letter Link :
Registrar of The Buyback :
Link Intime India Private Limited
Address: C-101, 1st Floor, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai 400 083, Maharashtra, India
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
E-mail: [email protected]
Manager of The Buyback :
Ambit Private Limited
Address: Ambit House, 449, Senapati Bapat Marg,
Lower Parel, Mumbai – 400 013
Tel: + 91 (22) 6623 3000; Fax: +91 (22) 6623 3100
Contact Person: Mr. Praveen Sangal / Mr. Miraj Sampat
Email: [email protected]
Company Address :
Quick Heal Ltd
Address: Marvel Edge, Office No. 7010 C & D
7th Floor, Viman Nagar, Pune – 411 014, India
Tel: +91 (20) 6681 3232
Contact Person: Mr. Vinav Agarwal, Compliance Officer
E-mail: [email protected]
How to Participate in Quick Heal Ltd buyback?
The Investors are eligible for the buyback scheme who have Quick Heal shares in their Demat account as Record date 3 May 2021. Investors can participate in the Quick Heal Buyback 2021 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 Quick Heal buyback scheme.
Quick Heal Buyback 2021 FAQs:
When is the Quick Heal Buyback Announcement Date?
Quick Heal buyback 2021 announcement date is 19 Apr 2021.
When is Quick Heal Buyback Open Date?
Quick Heal buyback Open date is 31 May 2021.
When is Quick Heal Buyback Close Date?
Quick Heal buyback Close date is 11 June 2021.
When is Quick Heal Buyback Record Date?
Quick Heal buyback 2021 Record date is 3 May 2021.
What is Quick Heal Buyback Price?
Quick Heal company has fixed the price at ₹245 per share.
What is Quick Heal Buyback Offer Size?
Quick Heal company Buyback Offer Size is ₹155 Cr.
How to apply for Quick Heal Buyback 2021?
As per the record date you need to have Quick Heal shares in your Demat account. You can participate in buyback after having the stock in your account.
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