Sinclairs Hotels Buyback 2023 announced on 10 August 2023. The Sinclairs Hotels buyback will be hit the market 06 October 2023 and closes on 12 October 2023. The company will buy back approximately 1,520,000 equity shares, or approximately 5.6% of face value ₹2, at a price of ₹200 per equity share. The size of this buyback is about ₹30.40 crore and this will be done through a buyback on the Tender Offer.
Sinclairs Hotels Ltd owns and operates hotels and resorts in India. The company owns and operates eight properties in India at Burdwan, Siliguri, Darjeeling, Kalimpong and Dooars in West Bengal, Gangtok and Yangang in Sikkim, Ooty in South India and Port Blair in the Andamans. You can check also Sinclairs Hotels Buyback 2022 here.
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Necessity of the Issue :
- Optimize returns to shareholders;
- Enhance overall shareholders value
- Optimizes the capital structure
Sinclairs Hotels Buyback 2023 Offer Details :
| Event Name | Details |
| Buyback Type | Tender Offer |
| Buyback Record Date | 29 September 2023 |
| Buyback Offer Amount | ₹30.40 Cr |
| Buyback Offer Size | 5.60% |
| Buyback Number of Shares | 15,20,000 |
| Listing | NSE, BSE |
| Face Value | ₹2/ per share |
| Buyback Price | ₹200/- per share. |
Sinclairs Hotels Buyback 2023 Dates :
We have covered all important dates related to “Sinclairs Hotels Buyback 2023” Buyback Activity Dates are updated as they are announced.
| Buyback Activity | Dates |
| Buyback proposal : | 10 August 2023 |
| Buyback Approval ; | 10 August 2023 |
| Public Announcement : | 11 September 2023 |
| Last Date to buy shares : | 28 September 2023 |
| Buyback Record Date : | 29 September 2023 |
| Buyback Opening Date : | 06 October 2023 |
| Buyback Closing Date : | 12 October 2023 |
Sinclairs Hotels Limited Financial Report (in Cr) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹57.33 | ₹31.96 | ₹31.23 |
| 2022 | ₹34.33 | ₹19.39 | ₹7.13 |
| 2021 | ₹23.14 | ₹12.93 | ₹3.51 |
Quick Link :
■ Publication Letter
■ Letter of Offer
■ Application Form
Registrar of The Buyback :
Niche Twchnologies Pvt. Ltd.
Address: 3A, Auckland Place, 7th Floor,
Room No 7A & 7B, Kolkata 700 017
Tel. No.: +91 33 2280 6616 / 6617 / 6618
Fax: +91 33 2280 6619;
Email: [email protected]
Website: www.nichetechpl.com
Manager of The Buyback :
SKP Securities Limited
Address: 1702-03, BioWonder,
789 Anandapur, E M Bypass,
Kolkata – 700107
Tel. No.: +91 33 6677 7000
Email: [email protected]
Website: www.skpsecurities.com
Company Address :
Sinclairs Hotels Limited
Registered Office: 147, Block G,
New Alipore, Kolkata – 700 053
Tel. No.: +91 90075 40731
E- mail: [email protected]
Website: www.sinclairsindia.com
How to Participate in Sinclairs Hotels Ltd buyback?
The Investors are eligible for the buyback scheme who have Sinclairs Hotels shares in their Demat account as the Record date is 29 September 2023 as the offer is Tender Offer. Investors can participate in the Sinclairs Hotels 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 Sinclairs Hotels buyback scheme.
How to apply for Sinclairs Hotels 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 Sinclairs Hotels and then Place order.
- Enter the quantity and tap on Submit.
How to apply for Sinclairs Hotels 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 Sinclairs Hotels Buyback in the search option.
- You can see Sinclairs Hotels buyback result in search option tap on the Sinclairs Hotels buyback.
- You will reach the Sinclairs Hotels buyback screen, here enter the number of shares and click sell.
- You can see your order is successfully placed.
How to apply for Sinclairs Hotels 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 Sinclairs Hotels stock for buyback.
- Enter the quantity and click on apply.
- If you have submitted your POA, then the buyback will be confirmed.
| Read also:- Rights issue 2023 |
Sinclairs Hotels Buyback 2023 FAQs:
When is Sinclairs Hotels Buyback Announcement Date?
Sinclairs Hotels buyback 2023 announcement date is 29 September 2023.
When is Sinclairs Hotels Buyback Open Date?
Sinclairs Hotels buyback Open date is 06 October 2023.
When is Sinclairs Hotels Buyback Close Date?
Sinclairs Hotels buyback Close date is 12 October 2023.
When is Sinclairs Hotels Buyback Record Date?
Sinclairs Hotels buyback 2023 Record date is September 29.
What is Sinclairs Hotels Buyback Price?
Sinclairs Hotels company has fixed the price at ₹200 per share.
What is Sinclairs Hotels Buyback Offer Size?
Sinclairs Hotels company Buyback Offer Size is ₹30.40 Cr.
How to apply for Sinclairs Hotels Buyback 2023?
As per the record date you need to have Sinclairs Hotels 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.