CL Educate Buyback 2023 Record Date, Price & Ratio Details

CL Educate buyback 2023 was announced on August 2, 2023. The CL Educate buyback open date is August 21, 2023. CL Educate buyback record date is N/A. The investor should buy the CL Educate shares before the record date to get eligibility for the buyback.
CL Educate

Table of Contents

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 RatioInvestmentShares BuybackProfit
33%₹[.][.]₹[.]
50%₹[.][.]₹[.]
75%₹[.][.]₹[.]
100%₹[.][.]₹[.]

CL Educate Financial Report

₹ in Crores
YearRevenueExpensePAT
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.

CL Educate Buyback 2023 FAQs


When is CL Educate Buyback 2023 Record Date?

CL Educate buyback 2023 record date is N/A.

When is CL Educate Buyback 2023 Open Date?

CL Educate buyback 2023 open date is August 21, 2023.

What is CL Educate Buyback 2023 Price?

The company has fixed the price at ₹94 per share.

How to apply for CL Educate Buyback 2023?

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.

Follow IPO Watch for the upcoming IPO news and their reviews, also keep following us on TwitterFacebook, and Instagram. For our latest videos, subscribe to our YouTube channel.
Share the Post:
Facebook
Twitter
LinkedIn

Follow IPO Watch for the upcoming IPO news and their reviews, also keep following us on TwitterFacebook, and Instagram. For our latest videos, subscribe to our YouTube channel.

OPEN DEMAT ACCOUNT