Sinclairs Hotels Buyback of ₹30.4 crores approved by the board of directors at the meeting was held on August 10, 2023. Sinclairs Hotels 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 each equity share at a price of ₹200 per Equity Share and for an aggregate amount not exceeding ₹30.4 crores from the shareholders. Check out Sinclairs Hotels Buyback 2023 details below:
Sinclairs Hotels presently operates in the hospitality sector and runs a chain of nine hotels and resorts under the brand Sinclairs, namely Sinclairs Burdwan, Sinclairs Siliguri, Sinclairs Darjeeling, Sinclairs Retreat Kalimpong, Sinclairs Retreat Dooars in West Bengal; Sinclairs Gangtok and Sinclairs Yangang in Sikkim; Sinclairs Retreat Ooty in Tamil Nadu and Sinclairs Bayview Port Blair in Andamans. Sinclairs is the preferred destination for business and leisure travelers going to Burdwan, Siliguri, Darjeeling, Kalimpong, Chalsa in Dooars, Gangtok, Port Blair, Ooty, and Yangang. Sinclairs plans to expand its chain by acquiring properties on outright purchase/lease. Present cash surplus of over ₹ 100 crore along with cash generated every year will ensure adequate cash flow for acquisitions without any borrowings. The strategy will be to acquire and/or take on lease properties located around the present ones to take advantage of the cluster approach.
Sinclairs Hotels Buyback History
Sinclairs Hotels Buyback 2023 Dates
| Buyback Meeting Date: | August 10, 2023 |
| Buyback Announcement Date: | August 10, 2023 |
| Buyback Record Date: | September 29, 2023 |
| Last Date to Buy Shares: | September 28, 2023 |
| Buyback Open Date: | October 6, 2023 |
| Buyback Close Date: | October 12, 2023 |
| Finalization of Buyback Acceptance: | October 18, 2023 |
Sinclairs Hotels Buyback 2023 Offer Details
Sinclairs Hotels buyback of 15,20,000 equity shares at a price of ₹200 per equity share. The buyback offers not to exceed ₹30.4 crores of the total buyback offer size.
| Offer Amount: | ₹30.4 Crores |
| Number of Shares: | 15,20,000 Equity Shares |
| Face Value: | ₹2 per equity share |
| Buyback Price: | ₹200 per equity share |
| Listing: | BSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Sinclairs Hotels 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% | ₹162,000 | 330 | ₹12,540 |
| 50% | ₹162,000 | 500 | ₹19,000 |
| 75% | ₹162,000 | 750 | ₹24,750 |
| 100% | ₹162,000 | 1000 | ₹38,000 |
Sinclairs Hotels Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2020 | ₹17 | ₹13 | ₹4 |
| 2021 | ₹30 | ₹19 | ₹7 |
| 2023 | ₹54 | ₹32 | ₹31 |
How to Participate in Sinclairs Hotels Buyback 2023
The investors are eligible for the buyback scheme who have Sinclairs Hotels shares in their Demat Sinclairs Hotelsount on the Record Date.. Eligible Share Holders can participate in the Sinclairs Hotels Buyback 2023 scheme as per the opening form by selling their shares. The payment will be given as per the Sinclairs Hotelsepted shares by the company under the Sinclairs Hotels buyback scheme.
Sinclairs Hotels Buyback 2023 Registrar
Niche Technologies Pvt. Ltd
D-511, Bagree Market,
71, B R B Basu Road,
Kolkata – 700 001, West Bengal, India
Phone: 2235-7270/ 7271
Email: [email protected]
Website: http://www.nichetechpl.com
Sinclairs Hotels Buyback 2023 Lead Managers
- Skp Securities Limited
Sinclairs Hotels Company Address
Sinclairs Hotels Limited
147 Block G, New Alipore,
Kolkata 700053
Phone: +91 98305 56333
Email: [email protected]
Website: https://www.sinclairshotels.com/
How to Apply the Sinclairs Hotels 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 “Sinclairs Hotels”. Click on Place Order. Enter your Quantity and submit Sinclairs Hotels Buyback Application Form.
How to Apply the Sinclairs Hotels Buyback through Upstox?
Log in to Upstox Application with your credentials. Select the Sinclairs Hotelsount Section. You will see the Company Name “Sinclairs Hotels”. Click on Sinclairs Hotels Stock for Buyback. Enter your Quantity and submit Sinclairs Hotels Buyback Application Form.
How to Apply the Sinclairs Hotels Buyback through Sinclairs Hotels Money?
Log in to Sinclairs Hotels Money Application with your credentials. Select the Sinclairs Hotels. Enter your Quantity and submit Sinclairs Hotels Buyback Application Form.
