KIOCL Buyback 2020 Date, Buyback Price And Other Details

KIOCL (Kudremukh Iron Ore Company Ltd) CASH OFFER FOR BUYBACK OF NOT EXCEEDING 1,41,74,469 (ONE CRORE FORTY ONE LAKHS SEVENTY FOUR THOUSAND FOUR HUNDRED SIXTY NINE) FULLY PAID-UP EQUITY SHARES OF FACE VALUE RS.10 EACH,REPRESENTING 2.28 % OF THE TOTAL NUMBER OF EQUITY SHARE IN THE ISSUED, SUBSCRIBED AND PAID - UP EQUITY SHARE CAPITAL OF THE COMPANY, FROM ALL THE EXISTING SHAREHOLDERS / BENEFICIAL OWNERS OF EQUITY SHARES OF THE COMPANY AS ON THE RECORD DATE I.E. FRIDAY, OCTOBER 30, 2020 ON A PROPORTIONATE BASIS, THROUGH THE “TENDER OFFER” PROCESS AT A PRICE OF RS 110 (RUPEES ONE HUNDRED TEN ONLY) PER EQUITY SHARE FOR AN AGGREGATE CONSIDERATION NOT EXCEEDING Rs.155.92 CRORES (RUPEES ONE HUNDRED FIFTY FIVE CRORES AND NINETY TWO LAKHS ONLY)

The company has fixed October 30, as the record date for the purpose of ascertaining the eligibility of shareholders for Buyback of equity shares. The stock of KIOCL closed ₹110.25 on the BSE.




KIOCL BuyBack 2020 Offer Deal:

Buyback Type:Tender Offer
Buyback Offer Amount:₹ 155.92  Cr
Date of Board Meeting approving the proposal:Oct 19 2020
Record DateOct 30 2020
Buyback Offer Size:2.28%
Buyback Number of Shares:1,41,74,469  Shares
Price Type:Tender Offer
FV:10
Buyback Price:₹ 110 Per Equity Share

KIOCL Buyback of 1.41,74,469 equity shares which is around 2.28of all the existing number of equity shares at a price of ₹110 per equity share. The buyback offer not exceeding of ₹155.92 crore of total buyback offer size.

Note: If anything you want to know about the buyback offer you can refer the KIOCL buyback offer documents.

How to Participate in KIOCL Buyback?

1. Firstly, to be eligible for the buyback the investor should have shares of KIOCLin demat or physical form as on record date (not announced) 2. Once you have shares in demat, you can participate in the buyback process which is opening from [Not Announced], by selling your shares through your broker on NSE or BSE.  

3. Then on [Not Announced] the payment will be given to you for accepted shares and unaccepted shares will be returned to your demat account. 

KIOCL Buyback 2020 FAQs:


When is KIOCL Buyback Record Date?
KIOCL buyback 2020 record date is not announced yet.

When is KIOCL Buyback announcement Date?
KIOCL buyback 2020 record date is 30 October 2020

What is KIOCL Buyback Price?
The company has fixed the price at ₹110

How to apply for KIOCL Buyback 2020?
As per the record date you need to have KIOCL shares in your demat account. You can participate in buyback after having the stock in your account.

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