IIFL Securities BuyBack 2020, with Record and Payment Details & History

The board of IIFL Securities on 17th November approved share buyback worth ₹90 crore. The board has approved proposal to buyback 1,66,66,666 crores shares, which represents 5.21% equity share, at ₹54 per share.

The board of IIFL Securities on Tuesday approved a proposal to buyback ₹90 crore worth shares.

Accordingly the company plans to buyback 1,66,66,666 shares (representing 5.21% of the total paid-up share capital) at ₹54 a share.

Based on the Minimum Buyback Size and Maximum Buyback Price, the Company would purchase a minimum of 83,33,333 Equity Shares.

The Buy-back of the Company’s fully paid up equity shares having a face value of { 2 (Indian Rupee Two Only) each (the “Equity Shares”), from the members of the Company (except promoters, promoter group and persons in control of the Company) at a price not exceeding { 54/- (Rupees Fifty Four Only) per Equity Share.

    IIFL securities buyback

    IIFL Securities BuyBack 2020 Offer Deal:

    Buyback Type: Tender Offer
    Buyback Record Date: Coming Soon
    Buyback Offer Amount: ₹ 90 Crore
    Date of Board Meeting approving the proposal: Nov  2020
    Date of Public Announcement: Nov  2020
    Buyback Offer Size: 5.21%
    Buyback Number of s: 1,66,66,666
    Price Type: Tender Offer
    FV: 2
    Buyback Price: ₹ 54 Per Equity Share

    IIFL Securities Buyback of 1,66,66,666 equity shares which is around 5.21of all the existing number of equity shares at a price of ₹ 54 per equity share. The buyback offer not exceeding of ₹ 90 crore of total buyback offer size.

    Note: If anything you want to know about the buyback offer you can refer the IIFL Securities buyback offer documents. Click Here

    IIFL Securities Buyback Important Dates

    Buyback ActivityDate
    Board Meeting for IIFL Securities Buyback proposal20.11.2020
    IIFL Securities Buyback Approval dateComing Soon
    Public Announcement of  BuybackComing Soon
    Buyback Record DateComing Soon
    Buyback opens on/Buyback Opening DateComing Soon
    Buyback closes on/Buyback Closing DateComing Soon
    Cut-off date to receive completed tender forms by RegistrarComing Soon
    Cut-off date for verification by the RegistrarComing Soon
    Cut-off date to inform Stock Exchange on acceptance or
    non-acceptance of tendered Equity Shares by Registrar
    Coming Soon
    Last date of settlement of bids on the stock exchangeComing Soon
    Last date to return unaccepted shares by RegistrarComing Soon
    Last date of extinguishment of Equity SharesComing Soon

    IIFL Securities Shareholding Pattern As of Sep 2020

    Stock Holding table gives a clear picture on retail investor holdings of IIFL Securities shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in IIFL Securities buyback under retail category which is equal to higher profit.

    Shareholding Pattern – IIFL Securities Ltd.
    December 2020
    Holder’s Name No of Shares % Share Holding
    No Of Shares 319609462 100%
    Promoters 95143214 29.77%
    Foreign Institutions 49385103 15.45%
    N Banks Mutual Funds 4317060 1.35%
    Others 110383578 34.54%
    General Public 49581769 15.51%
    Financial Institutions 10798738 3.38%

    About IIFL Securities Company

    IIFL Securities Ltd. was incorporated in the year 1996. Its today's share price is 45.65. Its current market capitalisation stands at Rs 1459.02 Cr. In the latest quarter, company has reported Gross Sales of Rs. 5961.06 Cr and Total Income of Rs.6915.02 Cr. The company's management includes Narendra Jain, Mohan Radhakrishnan, Shamik Das Sharma, Rekha Warriar, Venkataraman Rajamani, Kranti Sinha.

    It is listed on the BSE with a BSE Code of 542773 , NSE with an NSE Symbol of IIFLSEC and ISIN of INE489L01022. It's Registered office is at I I F L House, Sun Infotech Park, Road No. 16 V,Plot No. B-23, Thane Industrial Area,Wagle EstateThane-400604, Maharashtra. Their Registrars are ACC Ltd. It's auditors are Sharp & Tannan Associates, V Sankar Aiyar & Co

    How to Participate in IIFL Securities Buyback?

    1. Firstly, to be eligible for the buyback the investor should have shares of IIFL Securities in demat or physical form as on record date.

    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.

    Company Contact Information:

    IIFL Securities Limited
    CIN: L99999MH1996PLC132983
    IIFL House, Sun Infotech Park,
    Road No. 16V,Plot No.B-23,
    Thane Industrial Area,
    Wagle Estate, Thane - 400604
    Tel: +91-22-8976689766
    E-Mail: secretarial@iifl.com

    IIFL Securities Buyback 2020 FAQs:

    When is IIFL Securities Buyback Record Date?
    IIFL Securities buyback 2020 record date is  November 2020

    When is IIFL Securities Buyback announcement Date?
    IIFL Securities buyback 2020 announcement date is 20 Nov 2020

    What is IIFL Securities Buyback Price?
    The company has fixed the price at ₹ 54 

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