Navneet Education Limited (NSE: NAVNETEDUL, BSE: 508989) buyback 2021 announced on 27 May 2021. The buyback record date is not announced yet. Navneet Education Limited is a purpose-driven organization, doing what it takes to move the needle and promulgate knowledge. The Gala Family established the brand in 1959 and since then we have been the major force in the dissemination of knowledge to the little learners of India.
Over the decades, Navneet has emerged as the preferred brand for educational products among teachers and students. The immensely popular products like Vikas workbooks, Gala practice books, YouVa full-scapes, are hot favorites amongst the young segment of India. These products are bestsellers not just because of their superior quality but also because of the nostalgic association of 90’s kids. In December 2016, we acquired Encyclopedia Britannica (India) Pvt. Ltd. for publishing CBSE Textbooks. With this acquisition, Navneet will focus on serving the regional teaching and learning needs with supplemental digital solutions.
| Buyback Record Date: | N/A
|
| Board Meeting Approval: | 27 May 2021 |
| Public Announcement: | 27 May 2021 |
| Buyback Open Date: | 07 June 2021
|
| Buyback Close Date: | 06 December 2021
|
| Buyback Offer: | ₹50 Crores |
| Buyback Offer Size: | 2.18% |
| Number of Shares: | 50,00,000 Shares |
| Share Face Value: | ₹2 per share |
| Buyback Price: | ₹100 per Share |
| Buyback Type: | Open Market
|
Navneet Education buyback of 50,00,000 equity shares which is around 2.18% of all the existing number of equity shares at a price of ₹100 per equity share. The buyback offer not exceeding of ₹50 crore of total buyback offer size.
Navneet Education Buyback Eligible Share Holders:
The investors are eligible of the buyback scheme who have Navneet Education shares in their Demat account as record date is not announced as the offer is open market. Investors can participate in the Navneet Education Buyback 2021 scheme as per the opening form by selling your shares. The payment will be given as per the accepted shares by the company under the Navneet Education buyback scheme.
Checkout Current Navneet Education Shares market price on NSE and BSE: Navneet Education Live Quote
Navneet Education Buyback 2021 FAQs:
When is Navneet Education Buyback Record Date?Navneet Education buyback 2021 record date is N/A.
When is Navneet Education Buyback announcement Date? NTPC buyback 2021 announcement date is 27 May 2021.
What is Navneet Education Buyback Price?The company has fixed the price at ₹100 per share.
How to apply for Navneet Education Buyback 2021?As per the record date you need to have Navneet Education shares in your demat account. You can participate in buyback after having the stock in your account.
Note: If anything you want to know about the buyback offer you can refer the Navneet Education buyback offer documents.
