Birlasoft buyback 2022 was announced on May 23, 2022. The Birlasoft buyback open date is not announced yet. Birlasoft buyback record date is July 15, 2022. The investor should buy the SIS Ltd shares before the record date to get eligibility for the buyback.
Birlasoft Buyback of ₹390 crores approved by the board of directors at the meeting was held on May 23, 2022. Birlasoft Buyback 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 ₹2 for each equity share at a price not exceeding ₹500 per Equity Share and for an aggregate amount not exceeding ₹390 crores from the shareholders. Check out Birlasoft Share Buyback 2022 details below:
Birlasoft Limited is a part of the CK Birla Group. Birlasoft provides digital and information technology consulting services and solutions to their clients worldwide. Birlasoft is a multi-shore business application global IT services provider with a presence in the United States, Europe, Asia-Pacific, and India. It operates development centers in the United States, China, Poland, and India. Birlasoft counts Fortune 100 enterprises across manufacturing, banking & financial services, insurance, media, and healthcare industries as clients.
Birlasoft Buyback 2022 Dates & Time Table
| Buyback Meeting Date: | May 23, 2022 |
| Buyback Announcement Date: | May 23, 2022 |
| Buyback Record Date: | July 15, 2022 |
| Buyback Open Date: | August 11, 2022 |
| Buyback Close Date: | August 26, 2022 |
| Finalization of Buyback Acceptance: | September 6, 2022 |
Birlasoft Buyback 2022 Offer Details
Birlasoft buyback of 7,800,000 equity shares at a price of ₹500 per equity share. The buyback offers not to exceed ₹390 crores of the total buyback offer size.
| Offer Amount: | ₹390 Crores |
| Number of Shares: | 7,800,000 Equity Shares |
| Face Value: | ₹2 per equity share |
| Buyback Price: | ₹500 per equity share |
| Listing: | BSE & NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Birlasoft Buyback 2022 Acceptance Ratio
The investor should buy around 400 shares at a current market price of ₹374 (as of 24 May 2022). The calculation will be ₹2,00,000 / ₹500 buyback price = 400 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹149600 | 132 | ₹16632 |
| 50% | ₹149600 | 200 | ₹25200 |
| 75% | ₹149600 | 300 | ₹37800 |
| 100% | ₹149600 | 400 | ₹50400 |
Birlasoft Financial Report
| ₹ in Crores | |||||
| Year | Revenue | Expense | PAT | ||
| 2020 | ₹1497 | ₹1205 | ₹141 | ||
| 2021 | ₹1652 | ₹1295 | ₹194 | ||
| 2022 | ₹2124 | ₹1658 | ₹296 | ||
Birlasoft Buyback 2022 Eligible Share Holders
The investors are eligible for the buyback scheme who have Birlasoft shares in their Demat account as the record date is July 15, 2022. Investors can participate in the Birlasoft Buyback 2022 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under the Birlasoft buyback scheme.
Birlasoft Buyback 2022 Registrar
Birlasoft Buyback 2022 Lead Managers
- Kotak Mahindra Capital Company Limited
Birlasoft Company Address
Birlasoft Buyback 2022 FAQs
When is Birlasoft Buyback 2022 Record Date?
When is Birlasoft Buyback 2022 Open Date?
What is Birlasoft Buyback 2022 Price?
How to apply for Birlasoft Buyback 2022?
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