R Systems International will buyback nearly 1,333,000 shares for about Rs.29.99 Crore. In a filing to the stock exchanges, R Systems International said it will buyback percent of the fully paid-up equity shares at a price of Rs.225/- per equity share.
The board of directors of R Systems International approved the proposal to buyback of not exceeding 1,333,000 Lakhs equity shares of the face value of Rs.1 each of the company (representing 7.64% percent of the total number of fully paid-up equity shares in the paid-up share capital of the company) at a price of Rs.225/- per equity for an aggregate consideration not exceeding Rs.29.99 crores," it said.
R Systems International Buyback 2021 Offer Details:
| Buyback Type: | Tender Offer |
| Buyback Record Date: | Aug 27, 2021 |
| Buyback Opening Date: | Sep 20, 2021 |
| Buyback Closing Date: | Oct 01, 2021 |
| Buyback Offer Amount: | ₹29.99 Crore |
| Date of Board Meeting approving the proposal: | Aug 06, 2021 |
| Date of Public Announcement: | Aug 10, 2021 |
| Buyback Offer Size: | 7.64% |
| Buyback Number of shares: | 1,333,000 |
| Price Type: | Tender Route |
| FV: | Rs.1 |
| Maximum Buyback Price: | ₹225 Per Equity Share |
Details Of R Systems International Buyback
The Board of Directors of the R Systems International at its meeting held on Aug 06, 2021, has approved a proposal to buy back up to 1,333,000 Equity Shares of the Company, being 7.64% of the total paid-up equity share capital of the Company, for an aggregate amount not exceeding Rs.29.99 Cr, for Rs.225 per Equity Share through " Tender Route".
R Systems International Buyback Important Dates
In this section, we have covered all important dates related to “R Systems International Buyback Date”. Dates are updated as they are announced. The most noted dates are R Systems International record date and R Systems International buyback open and close dates, which one should use to participate in the buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for R Systems International Buyback proposal | 06.08.2021 |
| R Systems International Buyback Approval date | 06.08.2021 |
| Public Announcement of R Systems International Buyback | 10.08.2021 |
| R Systems International Buyback Record Date | 27.08.2021 |
| R Systems International Buyback opens on/Buyback Opening Date | 20.09.2021 |
| R Systems International Buyback closes on/Buyback Closing Date | 01.10.2021 |
| Cut-off date to receive completed tender forms by Registrar | 01.10.2021 |
| Cut-off date for verification by the Registrar | 01.10.2021 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance of tendered Equity Shares by Registrar |
11.10.2021 |
| Last date of settlement of bids on the stock exchange | 12.10.2021 |
| Last date to return unaccepted shares by Registrar | 12.10.2021 |
| Last date of extinguishment of Equity Shares | 19.10.2021 |
Note: If anything you want to know about the buyback offer you can refer the R Systems International buyback offer documents. Click Here
How to Participate in R Systems International buyback?
- Firstly to be eligible for the buyback the investor should have shares of R Systems International Buyback 2021 in Demat or physical form as on record date is 27.Aug.2021.
- 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.
- Then on [Not Announced], the payment will be given to you for accepted shares and unaccepted shares will be returned to your Demat account.
Checkout Current R Systems International Shares market price on NSE and BSE: R Systems International
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About R Systems International Limited:
R Systems is a global technology and analytics services company. We help our clients achieve speed-to-market, overcome digital barriers, and create business value with our specialized service offerings and consultative business approach. We speak the language of business as fluently as we do the language of technology. In other words, we speak digital. Our goal: accelerate our clients’ digital leadership.
NECESSITY OF BUYBACK By R Systems International
2.1 The Buyback is being proposed by the Company to service the equity more efficiently. Additionally, the Company’s management strives to increase equity shareholders value and the Buyback would result in amongst other things
a) The Buyback is being done to return surplus funds, after taking into account the strategic and operational cash needs of the Company in the short to medium term
b) The Buyback may help in improving earnings per share, return on equity, by a reduction in the equity base, thereby leading to a long term increase in shareholders’ value;
c) The Buyback gives an option to the equity shareholders, who can either
(i) choose to participate and get cash in place of Equity Shares to be accepted under the Buyback; or
(ii) choose to not participate and enjoy a resultant increase in their percentage shareholding, post the Buyback, without additional investment;
d) The Buyback, which is being implemented through the Tender Offer as prescribed under the Buyback Regulations, shall be from its existing securities holders on a proportionate basis per the provisions of Securities and Exchange Board of India (Buyback of Securities) Regulations, 2018: provided that fifteen percent of the number of securities which the Company proposes to Buyback or number of securities entitled as per their shareholding, whichever is higher, shall be reserved for small shareholders.
Company Contact Information
C-1 & C-40, C Block,Sector 59, Noida,Uttar Pradesh 201307website:https://www.rsystems.com/
R Systems International Buyback Registrar
C-101, 1st Floor, 247 Park,L.B.S. Marg, Vikhroli (West),Mumbai 400 083, Maharashtra, IndiaTelephone: +91 22 4918 6200Facsimile: +91 22 4918 6195Email: rsystems.buyback2021@linkintime.co.inWebsite: www.linkintime.co.inContact Person: Mr. Sumeet DeshpandeSEBI registration number: INR000004058CIN: U67190MH1999PTC118368
R Systems International Buyback 2021 FAQs:
When is R Systems International Record Date?
R Systems International buyback 2021 record date is 27-Aug-2021.
What is R Systems International Buyback Opening Date?
R Systems International buyback 2021 Opening date is 20-Sep-2021.
What is R Systems International Buyback Closing Date?
R Systems International buyback 2021 Closing date is 01-oct-2021.
When is R Systems International Buyback Announcement Date?
R Systems International buyback 2021 announcement Date is 10 Aug 2021.
What is R Systems International Buyback Price?
The company has fixed the maximum price of ₹225
How to apply for R Systems International Buyback 2021?
As per the record date you need to have R Systems International shares in your Demat account. You can participate in buyback after having the stock in your account.
