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Birlasoft Buyback 2022 Record Date, Price & Ratio Details

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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

    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 RatioInvestmentShares BuybackProfit
    33%₹14960013216632
    50%₹14960020025200
    75%₹14960030037800
    100%₹14960040050400

    Birlasoft Financial Report

      ₹ in Crores
    YearRevenueExpensePAT
    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

    Link Intime India Pvt Ltd
    Block 202, 2nd Floor, Akshya Complex,
    Pune 411001, Maharashtra
    Tel: 020-26051629, 26050084
    Website: http://www.linkintime.co.in

    Birlasoft Buyback 2022 Lead Managers

    • Kotak Mahindra Capital Company Limited

    Birlasoft Company Address

    Birlasoft Limited
    Plot No. 35 & 36, Rajiv Gandhi Infotech Park,
    Phase 1, MIDC, Hinjawadi,
    Pune 411 057, Maharashtra
    Phone: +91 20 6652 5000 |  +91 20 6652 5001
    Website: https://www.birlasoft.com/

    Birlasoft Buyback 2022 FAQs

    When is Birlasoft Buyback 2022 Record Date?

    Birlasoft buyback 2022 record date is July 15, 2022.

    When is Birlasoft Buyback 2022 Open Date?

    Birlasoft buyback 2022 open date is August 11, 2022

    What is Birlasoft Buyback 2022 Price?

    The company has fixed the price at ₹500 per share.

    How to apply for Birlasoft Buyback 2022?

    As per the record date you need to have Birlasoft shares in your Demat account. You can participate in buyback after having the stock in your account.

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