Sinclairs Hotels Buyback 2023 Record Date, Price & Ratio Details

Sinclairs Hotels buyback 2023 was announced on August 10, 2023. The Sinclairs Hotels buyback open date is October 6, 2023. Sinclairs Hotels buyback record date is fixed as on [.], 2023. The investor should buy the Sinclairs Hotels shares before the record date to get eligibility for the buyback.

Sinclairs Hotels Buyback 2023

Table of Contents

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 Tentative TimeTable

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 RatioInvestmentShares BuybackProfit
33%₹162,000330₹12,540
50%₹162,000500₹19,000
75%₹162,000750₹24,750
100%₹162,0001000₹38,000

Sinclairs Hotels Financial Report

₹ in Crores
YearRevenueExpensePAT
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.

Sinclairs Hotels Buyback 2023 FAQs


When is Sinclairs Hotels Buyback 2023 Record Date?

Sinclairs Hotels buyback 2023 record date is September 29, 2023.

When is Sinclairs Hotels Buyback 2023 Open Date?

Sinclairs Hotels buyback 2023 open date is October 6, 2023.

What is Sinclairs Hotels Buyback 2023 Price?

The company has fixed the price at ₹200 per share.

How to apply for Sinclairs Hotels Buyback 2023?

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

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