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CL Educate Buyback 2022 Record Date, Price & Ratio Details

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CL Educate buyback 2022 is to open on May 27, 2022. CL Educate buyback record date is not set as its an Open Market Offer. The investor should buy the CL Educate shares before the record date to get eligibility for the buyback. Check out CL Educate Share Buyback 2022 details below:

CL Educate Ltd provides its services in the education sector to cater to multiple age groups. They provide services in four verticals that are Consumer Test Preparation, Consumer Publishing, Enterprise Corporate, and Enterprise Institutional. They offer services like competitive test preparation (MBA, Law, Banking, Staff Selection Commission (SSC) courses for Engineering, Medical, Civil Services, Grade VIII-XII Tuitions, International Education (GRE/GMAT), non-test preparation courses (CFA, Data Science, etc.). They offer services to corporates that are Experiential Marketing and Event Management Solutions (Virtual Events Platform – VEP), Digital & MarComm. Services, Customized Engagement Programs (CEPs), Manpower Management & Training Services, Strategic Business Solutions. They have 200 test-prep centers spread across 100 cities in India as of August 2021. They also operate test-prep centers in the UAE.

CL Educate

    CL Educate Buyback 2022 Dates

     Buyback Meeting Date: May 23, 2022
     Buyback Announcement Date: May 23, 2022
     Buyback Record Date: Open Market
     Buyback Open Date: May 27, 2022
     Buyback Close Date: Nov 06, 2022
     Finalization of Buyback Acceptance: 

    CL Educate Buyback 2022 Offer Details

    CL Educate buyback of 5,88,235 equity shares at a price of ₹170 per equity share. The buyback offers not to exceed ₹10 crores of the total buyback offer size.

     Offer Amount: ₹10 Crores
     Number of Shares: 5,88,235 Equity Shares
     Face Value: ₹5 per equity share
     Buyback Price: ₹170 per equity share
     Listing: BSE & NSE
     Buyback Type: Open Market Offer
     Letter of Offer: Click Here

    CL Educate Buyback 2022 Acceptance Ratio

    The investor should buy around 1176 shares at a current market price of ₹123 (as of 24 May 2022). The calculation will be ₹2,00,000 / ₹170 buyback price = 1176 shares.

    Acceptance RatioInvestmentShares BuybackProfit
    33%₹144705388₹18247
    50%₹14470558827647
    75%₹144705882₹41470
    100%₹1447051176₹55294

    CL Educate Financial Report

      ₹ in Crores
    YearRevenueExpensePAT
    2020₹178₹219-₹53
    2021₹108₹108-₹5
    2022₹205₹185₹9

    CL Educate Buyback 2022 Eligible Share Holders

    The investors are eligible for the buyback scheme who have CL Educate shares in their Demat account as the record date is Open Market Offer. Investors can participate in the CL Educate 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 CL Educate buyback scheme.

    CL Educate Buyback 2022 Registrar

    KFin Technologies Limited
    KFintech, Tower-B, Plot No 31 & 32,
    Financial District, Nanakramguda, Gachibowli,
    Hyderabad, Telangana India – 500 032.
    Phone: 04067162222, 04079611000
    Website: https://karisma.kfintech.com/

    CL Educate Buyback 2022 Lead Managers

    • V B Desai Financial Services Limited

    CL Educate Company Address

    CL Educate Limited
    Plot No. 9A,
    Sector – 27A, Mathura Road,
    Faridabad, Haryana, 121003
    Phone: +91-011-41281100
    Website: http://www.cleducate.com/

    CL Educate Buyback 2022 FAQs

    When is CL Educate Buyback 2022 Record Date?

    CL Educate buyback 2022 record date is Open Market Offer.

    When is CL Educate Buyback 2022 Open Date?

    CL Educate buyback 2022 open date is May 27, 2022.

    What is CL Educate Buyback 2022 Price?

    The company has fixed the price at ₹170 per share.

    How to apply for CL Educate Buyback 2022?

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

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