VLS Finance Buyback 2023 announced on 09 January 2023. The VLS Finance Pharma buyback will begin on January 16, 2023, and end on July 14, 2023. The company will buy back approximately 35,00,000 equity shares, or approximately 2.18% of face value ₹10, at a price of ₹200 per equity share. The size of this buyback is about ₹70.00 crore, and this will be done through a buyback on the open market.
VLS Finance Ltd is primarily engaged in the business of financial services with major presence in Asset Management, Strategic Private Equity Investments, Arbitrage and more.
VLS Group presently focusses on :
- Stock Broking – Primarily Catering to Group Companies and Associates
- Proprietary Investments & Equity Research
- Investment Banking -VLS Securities Ltd. Subsidiary of the Company is a SEBI Registered Merchant Banker.
- Corporate Consulting & Advisory Services
| Read also:- Share Buyback List 2023 |
Necessity of the Issue :
- optimize returns to shareholders.
- enhance overall shareholders’ value.
- optimize the capital structure.
VLS Finance Buyback 2023 Offer Details:
| Event Name | Details |
| Buyback Type | Open Market |
| Buyback Record Date | Open Market |
| Buyback Offer Amount | ₹70.00 Cr |
| Date of Board Meeting approving the proposal | 09 January 2023 |
| Date of Public Announcement | 09 January 2023 |
| Buyback Offer Size | -% |
| Buyback Number of Shares | 35,00,000 |
| Listing | NSE, BSE |
| Face Value | ₹10 |
| Buyback Price | ₹200/- per share. |
VLS Finance Buyback 2023 Dates :
We have covered all important dates related to “VLS Finance Buyback 2023” Buyback Activity Dates are updated as they are announced.
| Buyback Activity | Dates |
| Board Meeting for Buyback proposal | 09 January 2023 |
| Buyback Approval date | 09 January 2023 |
| Public Announcement Date | 09 January 2023 |
| Buyback Record Date | Open Market |
| Buyback Opening Date | 16 January 2023 |
| Buyback Closing Date | 14 July 2023 |
VLS Finance Limited Financial Report (in Cr) :
| Year | Revenue | Expense | PAT |
| 2022 | ₹232.00 | ₹21.00 | ₹210.00 |
| 2021 | ₹222.00 | ₹14.00 | ₹221.00 |
| 2020 | ₹36.00 | ₹39.00 | ₹39.00 |
Quick Link :
■ Publication Letter
■ Letter of Offer
■ Application Form
Registrar of The Buyback :
RCMC Share Registry Private Limited
B-106,Sector-2,
Noida U.P. 201301
Phone: (91) 120 4015880
Email: [email protected]
Website: http://www.rcmcdelhi.com/
Manager of The Buyback :
SMC Capitals Limited
302-303, Enterprise Centre,
Nehru Road, Vile Parle (East),
Mumbai 400 099, India
Phone: +91 (22) 6648 1818
Fax: +91 (22) 6648 1850
Website: http://www.smccapitals.com
Email: [email protected]
Company Address :
Registered Office
VLS Finance Limited
Navneet Bhavan,
Bhavani Shankar Road,
Dadar (W). Mumbai – 400 028 India.
Tel: +91 22 66626565
Fax: +91 22 66626470
Email: [email protected]
How to Participate in VLS Finance Ltd buyback?
The Investors are eligible for the buyback scheme who have VLS Finance shares in their Demat account as the Record date is Not Declare as the offer is Open Market. Investors can participate in the VLS Finance 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 VLS Finance buyback scheme.
How to apply for VLS Finance 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 VLS Finance and then Place order.
- Enter the quantity and tap on Submit.
How to apply for VLS Finance 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 VLS Finance Buyback in the search option.
- You can see VLS Finance buyback result in search option tap on the VLS Finance buyback.
- You will reach the VLS Finance buyback screen, here enter the number of shares and click sell.
- You can see your order is successfully placed.
How to apply for VLS Finance 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 VLS Finance 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 |
VLS Finance Buyback 2023 FAQs:
When is VLS Finance Buyback Announcement Date?
VLS Finance buyback 2023 announcement date is 09 January 2023.
When is VLS Finance Buyback Open Date?
VLS Finance buyback Open date is 16 January 2023.
When is VLS Finance Buyback Close Date?
VLS Finance buyback Close date is 14 July 2023.
When is VLS Finance Buyback Record Date?
VLS Finance buyback 2023 Record date is Not Declare as the offer is Open market.
What is VLS Finance Buyback Price?
VLS Finance company has fixed the price at ₹200 per share.
What is VLS Finance Buyback Offer Size?
VLS Finance company Buyback Offer Size is ₹70.00 Cr.
How to apply for VLS Finance Buyback 2023?
As per the record date you need to have VLS Finance 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.