Rishiroop Ltd will buyback nearly 6,40,000 shares for about Rs.8 Crore. In a filing to the stock exchanges, Rishiroop Ltd said it will buyback percent of the fully paid-up equity shares at a price of Rs.125/- per equity share.
The Board of Directors of the Company at their meeting held on August 27, 2021, have approved buyback proposal of up to 6,40,000 fully paid-up equity shares of the face value of Rs. l0/- each of the Company (“Equity Shares”) representing up to 6.60 % of the total number of Equity Shares of issued and paid-up Equity Share capital of the Company at a price of rs. 125l- per Equity Share (“Buy Back Price”) (including premium of Rs. I 15/- per Equity Share) payable in cash for an aggregate amount of up to Rs. 8,00,00,000/- (excluding transaction costs such as brokerage, Buyback tax, securities transaction tax, goods and service tax, stamp duty, etc.)(“Buyback Size”), which is 9.67 % of the fully paid-up equity share capital and free reserves, as per the audited balance sheet of the Company as on March 31,202, on a proportionate basis through tender offer (“Tender Offer”) as prescribed under Buyback Regulations, to all the equity shareholders/ beneficiary owners who hold Equity Shares on the Record Date (“Buyback”). The Buyback Size does not include any expenses incurred or to be incurred for the Buyback like filing fees payable to the Securities and Exchange Board of India, fees, and charges payable to Stock Exchanges, public announcement expenses, printing, and dispatch expenses, and other incidental and related expenses.
Rishiroop Ltd Buyback 2021 Offer Details:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Sep 09, 2021|
|Buyback Opening Date:||2021|
|Buyback Closing Date:||2021|
|Buyback Offer Amount:||₹ 8 Crore|
|Date of Board Meeting approving the proposal:||Aug 27, 2021|
|Date of Public Announcement:||Aug 27, 2021|
|Buyback Offer Size:||6.60%|
|Buyback Number of shares:||6,40,000|
|Price Type:||Tender Route|
|Maximum Buyback Price:||₹ 125 Per Equity Share|
Details Of Rishiroop Ltd Buyback