VLS Finance of ₹125.40 crores approved by the board of directors at the meeting was held on August 9, 2024. VLS Finance 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 ₹10 each equity share at a price of ₹380 per Equity Share and for an aggregate amount not exceeding ₹125.40 crores from the shareholders. Check out VLS Finance Buyback 2024 details below:
VLS Finance Ltd. is a prominent entity in India’s financial sector, renowned for its substantial net worth and strategic industry positioning. The company, founded in January 1986, specializes in proprietary investments, equity research, stock broking, and investment banking through its subsidiary, VLS Securities Ltd., a SEBI-registered merchant banker. VLS Finance blends traditional wisdom from experienced board members with modern strategies led by a dynamic management team to combine conservative financial practices with innovative approaches. The company is debt-free and has an impressive net worth of Rs. 10,793 million as of March 31, 2023, with a track record of high returns on investment and significant capital raises. VLS Finance Ltd. is supported by a team of experienced professionals and continues to provide superior financial services and consulting.
VLS Finance History
- N/A
VLS Finance Buyback 2024 Dates
| Buyback Meeting Date: | August 9, 2024 |
| Buyback Announcement Date: | August 9, 2024 |
| Buyback Record Date: | August 26, 2024 |
| Last Date to Buy Shares: | August 23, 2024 |
| Buyback Open Date: | 2024 |
| Buyback Close Date: | 2024 |
| Finalization of Buyback Acceptance: | 2024 |
VLS Finance Buyback 2024 Offer Details
VLS Finance of 3,300,000 equity shares at a price of ₹380 per equity share. The buyback offers not to exceed ₹125.40 crores of the total buyback offer size.
| Offer Amount: | ₹125.40 Crores |
| Number of Shares: | 3,300,000 Equity Shares |
| Face Value: | ₹10 per equity share |
| Buyback Price: | ₹380 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
VLS Finance Buyback 2024 Acceptance Ratio
The investor should buy around 526 shares at a current market price of ₹345 (as of date). The calculation will be ₹2,00,000 / ₹380 buyback price = 526 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹[.] | [.] | ₹[.] |
| 50% | ₹[.] | [.] | ₹[.] |
| 75% | ₹[.] | [.] | ₹[.] |
| 100% | ₹[.] | [.] | ₹[.] |
VLS Finance Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2022 | ₹286.29 | ₹19.64 | ₹254.39 |
| 2023 | ₹77.25 | ₹23.67 | ₹52.44 |
| 2024 | ₹410.09 | ₹28.95 | ₹320.22 |
How to Participate in VLS Finance Buyback 2024
The investors are eligible for the buyback scheme who have VLS Finance shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the VLS Finance Buyback 2024 scheme as per the opening form by selling their shares. The payment will be given as per the VLS Financeepted shares by the company under the VLS Finance scheme.
VLS Finance Buyback 2024 Registrar
To be updated soon
VLS Finance Buyback 2024 Lead Managers
- To be updated soon
VLS Finance Company Address
VLS Finance Limited
Ground Floor, 90,
Okhla Industrial Estate, Phase I
New Delhi-110020
Phone: +91-11-46656666
Email: [email protected]
Website: https://www.vlsfinance.com/
How to Apply the VLS Finance 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 “VLS Finance”. Click on Place Order. Enter your Quantity and submit VLS Finance Application Form.
How to Apply the VLS Finance through Upstox?
Log in to Upstox Application with your credentials. Select the VLS Finance. You will see the Company Name “VLS Finance”. Click on VLS Finance Stock for Buyback. Enter your Quantity and submit VLS Finance Application Form.
How to Apply the VLS Finance through VLS Finance Paytm Money?
Log in to Paytm Money Application with your credentials. Select the VLS Finance. Enter your Quantity and submit VLS Finance Application Form.
