Symphony Limited Buyback 2023 Record Date, Buyback Price & Details

Symphony Limited Buyback 2023

Symphony Limited Buyback 2023 announced on 17 March 2023. The Symphony Limited buyback will begin on 03 May 2023 and closes on 17 May 2023. The company will buy back approximately 10,00,000 equity shares, or approximately 1.42% of face value ₹2, at a price of ₹2000 per equity share. The size of this buyback is about ₹200 crore and this will be done through a buyback on the Tender Offer.

Symphony was established in 1988 in Ahmedabad, India. The company is engaged in the manufacturing and trading of residential, commercial, and industrial air coolers in the domestic and international markets. The company has a presence in over 60 countries and is the world’s largest manufacturer of air conditioners, from inventions to innovations, energy responsibility to environmental stewardship.

Symphony is a market leader that has been providing comfort cooling to its customers for generations. The massive dominance of Symphony coolers in the residential, industrial, and commercial segments has made the brand synonymous with ‘cooling’.

Read also:- Share Buyback List 2023

Necessity of the Issue :

  • The Buyback will help the Company to return surplus cash to its members holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholder.
  • The Buyback may help in improving return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders‟ value.
  • The buyback consists of a reservation for the small shareholder. The company believes that this reservation for small shareholders would benefit a large number of public shareholders who would get classified as “small shareholders”.

Symphony Limited Buyback 2023 Offer Details:

Event NameDetails
Buyback TypeTender Offer
Buyback Record Date29 March 2023
Buyback Offer Amount₹200 Cr
Date of Board Meeting approving the proposal16 March 2023
Date of Public Announcement18 March 2023
Buyback Offer Size1.42%
Buyback Number of Shares10,00,000
ListingNSE, BSE
Face Value₹2/- Rs.
Buyback Price₹2000/- per share.
Symphony Limited Buyback 2023

Symphony Limited Buyback 2023 Dates :

We have covered all important dates related to “Symphony Limited Buyback 2023” Buyback Activity Dates are updated as they are announced.

Buyback ActivityDates
Board Meeting for Buyback proposal08 February 2023
Buyback Approval date16 March 2023
Public Announcement Date16 March 2023
Buyback Record Date29 March 2023
Buyback Opening Date03 May 2023
Buyback Closing Date17 May 2023

Symphony Limited Limited Financial Report (in Cr) :

YearRevenueExpensePAT
2022₹1039.00₹877.00₹162.00
2021₹900.00₹759.00₹140.00
2020₹1103.00₹889.00₹213.00
2019₹844.00₹711.00₹133.00
Symphony Limited Buyback 2023

Quick Link :

Publication Letter
Letter of Offer
Application Form

Registrar of The Buyback :

Bigshare Services Private Limited
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre,
Mahakali Caves Road, Andheri East,
Mumbai – 400093, Maharashtra, India.
Tel No.: + 91 22 6263 8200
Fax: +91 22 6263 8299
E-mail: [email protected]
Investor Grievance Email: [email protected]
Website: www.bigshareonline.com

Manager of The Buyback :

Ambit Private Limited
Ambit House, 449, Senapati Bapat Marg,
Lower Parel, Mumbai – 400 013
Tel No.: +91 22 6623 3030
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.ambit.co

Company Address :

Symphony Limited
“Symphony House”, FP-12,
TP-50, Off S.G. Highway, Bodakdev,
Ahmedabad -380 059
Phone: +91-79-66211111
Email: [email protected]
Website: https://www.symphonylimited.com/

How to Participate in Symphony Limited Ltd buyback?

The Investors are eligible for the buyback scheme who have Symphony Limited shares in their Demat account as the Record date 29 March 2023 as the offer is tender Offer. Investors can participate in the Symphony Limited 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 Symphony Limited buyback scheme.

How to apply for Symphony 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 Symphony Limited and then Place order.
  • Enter the quantity and tap on Submit.

How to apply for Symphony 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 Symphony Limited Buyback in the search option.
  • You can see Symphony Limited buyback result in search option tap on the Symphony Limited buyback.
  • You will reach the Symphony Limited buyback screen, here enter the number of shares and click sell.
  • You can see your order is successfully placed.

How to apply for Symphony 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 Symphony Limited 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

Symphony Limited Buyback 2023 FAQs:

When is Symphony Limited Buyback Announcement Date?

Symphony Limited buyback 2023 announcement date is 16 March 2023.

When is Symphony Limited Buyback Open Date?
Symphony Limited buyback Open date is 03 May 2023.

When is Symphony Limited Buyback Close Date?
Symphony Limited buyback Close date is 17 May 2023.

When is Symphony Limited Buyback Record Date?
Symphony Limited buyback 2023 Record date is 29 March 2023 as the offer is tender Offer.

What is Symphony Limited Buyback Price?

Symphony Limited company has fixed the price at ₹2000 per share.

What is Symphony Limited Buyback Offer Size?
Symphony Limited company Buyback Offer Size is ₹200 Cr.

How to apply for Symphony Limited Buyback 2023?
As per the record date you need to have Symphony 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.

Symphony Limited Buyback 2023 Record Date, Buyback Price & Details

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