Majesco made a public announcement (“Public Announcement”) in relation to the buy-back
of equity shares each having a face value of INR 5 (the “Equity Shares”) by Majesco Limited
(the “Company”) from the shareholders/ beneficial owners of the Company through a tender
offer route through the Stock Exchange Mechanism pursuant to the provisions of Regulation 7(i)
of the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018 (the
“Buyback Regulations”) for the time being in force, including any statutory modifications and
amendments from time to time and contains the disclosures as specified in Schedule II read with
Schedule I of the Buyback Regulations.
OFFER FOR BUYBACK OF UP TO 74,70,540 (SEVENTY FOUR LAKH SEVENTY THOUSAND
FIVE HUNDRED AND FORTY ONLY) FULLY PAID UP EQUITY SHARES OF THE COMPANY
AT A PRICE OF INR 845/- (RUPEES EIGHT HUNDRED AND FORTY FIVE ONLY) PER
EQUITY SHARE ON A PROPORTIONATE BASIS THROUGH THE TENDER OFFER ROUTE
(“BUYBACK” OR “BUYBACK OFFER”)
The Company proposes to buyback a maximum of 74,70,540 Equity Shares of face value of INR 5 (Rupees Five Only) each of the Company.
Majesco BuyBack 2020 Offer Deal:
What is Mejesco Buyback Price?
The company has fixed the price at ₹845
How to apply for Majesco Buyback 2020?
As per the record date you need to have Mejesco shares in your demat account. You can participate in buyback after having the stock in your account.