Anand Rathi of ₹164.65 crores approved by the board of directors at the meeting was held on April 12, 2024. Anand Rathi will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹5 each equity share at a price of ₹4450 per Equity Share and for an aggregate amount not exceeding ₹164.65 crores from the shareholders. Check out Anand Rathi Buyback 2024 details below:
Anand Rathi Wealth Limited is among India’s leading non-bank wealth solutions firms, catering to high and ultra-high-net-worth individuals. The Company has evolved into providing well defined uncomplicated wealth solutions to our clients. The Anand Rathi group came into existence close on the heels of economic liberalization. To channel the newfound hope and financial optimism into tangible results, Mr Anand Rathi and Mr Pradeep Kumar Gupta laid the foundation of the Anand Rathi Group in 1994. Their performance during the last few years has helped their clients achieve their wealth objectives. In addition to Private Wealth Vertical (PW), the Company has two new-age technology-led business verticals i.e., Digital Wealth (DW) and Omni Financial Advisors (OFA). DW business is a fin-tech extension of the Company’s proposition for the mass affluent segment with wealth solutions delivered through a combination of human interface empowered with technology.
Anand Rathi History
- N/A
Anand Rathi Buyback 2024 Dates
| Buyback Meeting Date: | April 12, 2024 |
| Buyback Announcement Date: | April 12, 2024 |
| Buyback Record Date: | June 3, 2024 |
| Last Date to Buy Shares: | May 31, 2024 |
| Buyback Open Date: | June 7, 2024 |
| Buyback Close Date: | June 13, 2024 |
| Finalization of Buyback Acceptance: | June 19, 2024 |
Anand Rathi Buyback 2024 Offer Details
Anand Rathi of 370,000 equity shares at a price of ₹4450 per equity share. The buyback offers not to exceed ₹164.65 crores of the total buyback offer size.
| Offer Amount: | ₹164.65 Crores |
| Number of Shares: | 370,000 Equity Shares |
| Face Value: | ₹5 per equity share |
| Buyback Price: | ₹4450 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Anand Rathi Buyback 2024 Acceptance Ratio
The investor should buy around 45 shares at a current market price of ₹4050 (as of date). The calculation will be ₹2,00,000 / ₹4450 buyback price = 45 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹182250 | 15 | ₹6000 |
| 50% | ₹182250 | 22 | ₹8800 |
| 75% | ₹182250 | 34 | ₹13600 |
| 100% | ₹182250 | 45 | ₹18000 |
Anand Rathi Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹260 | ₹185 | ₹44 |
| 2022 | ₹408 | ₹230 | ₹125 |
| 2023 | ₹538 | ₹296 | ₹168 |
How to Participate in Anand Rathi Buyback 2024
The investors are eligible for the buyback scheme who have Anand Rathi shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the Anand Rathi Buyback 2024 scheme as per the opening form by selling their shares. The payment will be given as per the Shervani Industrial Syndicateepted shares by the company under the Anand Rathi scheme.
Anand Rathi Buyback 2024 Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
aPhone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/initial_offer/public-issues.html
Anand Rathi Buyback 2024 Lead Managers
- Mark Corporate Advisors Private Limited
Anand Rathi Company Address
Anand Rathi Wealth Limited
Floor No. 10, A Wing, Express Zone
Western Express Highway
Goregaon (E), Mumbai-400 063
Phone: 022 6281 7000
Email: [email protected]
Website: https://www.anandrathiwealth.in/
How to Apply the Anand Rathi through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Anand Rathi”. Click on Place Order. Enter your Quantity and submit Anand Rathi Application Form.
How to Apply the Anand Rathi through Upstox?
Log in to Upstox Application with your credentials. Select the Anand Rathi. You will see the Company Name “Anand Rathi”. Click on Anand Rathi Stock for Buyback. Enter your Quantity and submit Anand Rathi Application Form.
How to Apply the Anand Rathi through Anand Rathi Paytm Money?
Log in to Paytm Money Application with your credentials. Select the Anand Rathi. Enter your Quantity and submit Anand Rathi Application Form.
