SREELEATHERS LIMITED BuyBack 2020, with Record and Payment Details

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 BUYBACK 2020

    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 25of 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?

    1. Firstly, to be eligible for the buyback the investor should have shares of Tata Consultancy Services Limited (SREELEATHERS LIMITED) in demat or physical form as on record date 04-12-2020.
    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. 

    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.

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    %d bloggers like this: