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 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 5.21% of 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 Activity | Date |
|---|---|
| Board Meeting for IIFL Securities Buyback proposal | 20.11.2020 |
| IIFL Securities Buyback Approval date | Coming Soon |
| Public Announcement of Buyback | Coming Soon |
| Buyback Record Date | Coming Soon |
| Buyback opens on/Buyback Opening Date | Coming Soon |
| Buyback closes on/Buyback Closing Date | Coming Soon |
| 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 |
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?
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.
