CL Educate Buyback of ₹15 crores approved by the board of directors at the meeting was held on August 2, 2023. CL Educate Buyback will be done via the Open Market 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 ₹94 per Equity Share and for an aggregate amount not exceeding ₹15 crores from the shareholders. Check out CL Educate Buyback 2023 details below:
CL Educate Ltd is an education management company providing educational products and services. They focus on diverse segments of education and cater to learners from multiple age groups. They have four verticles.
- Consumer Test Preparation
- Consumer Publishing
- Enterprise Corporate
- Enterprise Institutional
CL Educate Ltd has a team of highly qualified professionals, including IIT-IIM alumni, with a passion for excellence in education, CL Educate Ltd has shaped the lives and careers of innumerable students over the 25+ years of its existence. As of August 2021, they had 200 test-prep centers spread across 100 cities in India. As part of their global expansion, they also operate test-prep centers in the UAE.
CL Educate Buyback History
CL Educate Buyback 2023 Dates
| Buyback Meeting Date: | August 2, 2023 |
| Buyback Announcement Date: | August 2, 2023 |
| Buyback Record Date: | N/A |
| Last Date to Buy Shares: | N/A |
| Buyback Open Date: | August 21, 2023 |
| Buyback Close Date: | November 28, 2023 |
| Finalization of Buyback Acceptance: | N/A |
CL Educate Buyback 2023 Offer Details
CL Educate buyback of 15,95,744 equity shares at a price of ₹94 per equity share. The buyback offers not to exceed ₹15 crores of the total buyback offer size.
| Offer Amount: | ₹15 Crores |
| Number of Shares: | 15,95,744 Equity Shares |
| Face Value: | ₹5 per equity share |
| Buyback Price: | ₹94 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Open Market |
| Letter of Offer: | Click Here |
CL Educate Buyback 2023 Acceptance Ratio
The investor should buy around [.] shares at a current market price of ₹[.] (as of date). The calculation will be ₹2,00,000 / ₹[.] buyback price = [.] shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹[.] | [.] | ₹[.] |
| 50% | ₹[.] | [.] | ₹[.] |
| 75% | ₹[.] | [.] | ₹[.] |
| 100% | ₹[.] | [.] | ₹[.] |
CL Educate Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹182 | ₹193 | -₹13 |
| 2022 | ₹209 | ₹189 | ₹14 |
| 2023 | ₹291 | ₹266 | ₹23 |
How to Participate in CL Educate Buyback 2023
The investors are eligible for the buyback scheme who have CL Educate shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the CL Educate Buyback 2023 scheme as per the opening form by selling their shares. The payment will be given as per the CL Educateepted shares by the company under the CL Educate buyback scheme.
CL Educate Buyback 2023 Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: [email protected]
Website: https://kosmic.kfintech.com/ipostatus/
CL Educate Buyback 2023 Lead Managers
- V B Desai Financial Services Limited
CL Educate Company Address
CL Educate Limited
Plot No. 9A,
Sector – 27A, Mathura Road,
Faridabad – 121003
Phone: +91-011-41281100
Email: [email protected]
Website: http://www.cleducate.com/
How to Apply the CL Educate Buyback 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 “CL Educate”. Click on Place Order. Enter your Quantity and submit CL Educate Buyback Application Form.
How to Apply the CL Educate Buyback through Upstox?
Log in to Upstox Application with your credentials. Select the CL Educateount Section. You will see the Company Name “CL Educate”. Click on CL Educate Stock for Buyback. Enter your Quantity and submit CL Educate Buyback Application Form.
How to Apply the CL Educate Buyback through CL Educate Money?
Log in to CL Educate Money Application with your credentials. Select the CL Educate. Enter your Quantity and submit CL Educate Buyback Application Form.
