SREELEATHERS LIMITED has announced a buyback of 20,00,000 ( Twenty Lakhs Shares) equity shares for an aggregate amount of not more than Rs.32 crores with a pricing of Rs.160 per share. The proposal was approved by the board of SREELEATHERS LIMITED In the meeting held on 24th November.
SREELEATHERS LIMITED BuyBack 2020 Offer Deal:
| Buyback Type: | Tender Offer |
| Buyback Offer Amount | Rs. 32 Crore |
| Buyback Start Date | Dec 04 2020 |
| Last Date of Buyback | June 03 2021 or When the company complete the buyback |
| Date of Public Announcement: | Nov 26 2020 |
| Buyback Offer Size: | 25% |
| Buyback Number of s: | 20,00,000 |
| Price Type: | Tender Offer |
| FV: | Rs. 10 Per Equity Share |
| Buyback Price: | ₹ 160 Per Equity Share |
SREELEATHERS LIMITED buyback of 20,000,000 lakhs equity shares which is around 25% of all the existing number of equity shares at a price of ₹160 per equity share. The buyback offer not exceeding of ₹32 crore of total buyback offer size.
Note: If anything you want to know about the buyback offer you can refer the SREELEATHERS LIMITED buyback offer documents. Click Here
SREELEATHERS LIMITED Buyback Important Dates
| Buyback Activity | Date |
|---|---|
| Board Meeting for SREELEATHERS LIMITED Buyback proposal | 24.11.2020 |
| SREELEATHERS LIMITED Buyback Approval date | 24.11.2020 |
| Public Announcement of Buyback | 26.11.2020 |
| Buyback Record Date | 28.11.2020 |
| Buyback opens on/Buyback Opening Date | 04.12.2020 |
| Buyback closes on/Buyback Closing Date | 03.06.2021 |
| Cut-off date to receive completed tender forms by Registrar | Coming Soon |
| Cut-off date for verification by the Registrar | Coming 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 exchange | Coming Soon |
| Last date to return unaccepted shares by Registrar | Coming Soon |
| Last date of extinguishment of Equity Shares | Coming Soon |
About SREELEATHERS LIMITED Company
Sreeleathers Limited is engaged in the business of dealing in all kinds of footwear and leather accessories. The Company is also engaged as retailer and wholesaler of footwear and leather articles. The Company's products for gents include formals, kanvaz, chappal, casual, sandal and shoe.
How to Participate in buyback?
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.
SREELEATHERS LIMITED Buyback 2020 FAQs:
When is SREELEATHERS LIMITED Buyback Record Date?
SREELEATHERS LIMITED buyback 2020 record date is 04 December 2020
When is SREELEATHERS LIMITED Buyback announcement Date?
SREELEATHERS LIMITED buyback 2020 record date is 04 December 2020.
What is SREELEATHERS LIMITED Buyback Price?
The company has fixed the price at ₹160
How to apply for SREELEATHERS LIMITED Buyback 2020?
As per the record date you need to have SREELEATHERS LIMITED shares in your demat account. You can participate in buyback after having the stock in your account.
