buyback final

8/3/2019 Buyback Final

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Presented By:

Anil Jani

Bhavin GandhiNikihil Khandke

Nikhil S

Vaishali Suvarna

Wasif Raza


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Buy back is a reverse issue of share of company

This can be binding or optional to the investors

Purchase of long term position by a company to offset s short

term position Stock buyback is also known as share repurchase

Buyback ordinance introduced by GOI on october 31,1998

Governed by Securities and Exchange board of indias(SEBI)


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Unsused Cash

Tax Gains

Market Perception

Exit Option

Escape Monitoring of accounts and legal controls

Show rosier financials

Increase PromotersnStake


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Tender Offer

Tender a portion or all of their shares with in time frame

Open Market

Buy shares on the open market

Book-building Process

Mechanism of price delivery that determine the market

price of securities

Employee-share purchase,odd-lot purchase,Selective buybacks


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Authorised by article association of the company

Special resolution has been passed at general body meeting

Buy back is or less than 25% of total paid up equity

share/capital Ratio of debt is not more than twice the capital

All shares or other specified securities for buyback are fully

paid.

No default in filling of annual returns


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A H Dalmia Group had 10.5% stake in GESCO at Rs. 24 /

share.

A H Dalmia acquire 45 % stake of GESCO at Rs.27/ share .

GESCO counteroffer of Rs.36/ share and alter raised toRs.45/share.

Promoters had 13% stake which increased to 30%

GESCO counter offer of Rs .54/share


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Company Created history when it was listed in Stock Excahnges

in 1956 and offered 10 % equity to Indian shareholders.

Uniliver-51.42%,Resident Individuals-17.50%,Foreign

Institutional Investors-12.32%,Insurance companies and financialinstitutions-12.93% .

Buyback share at a price of Rs.230/share

100% buyback happens at the maximum price quoted by the

company


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Company hold 73.53% of the paid up capital of the company.

Profit making company having an un interrupted dividend

record since 1981.

29 April,2005 approved the proposal for buyback of companyown fully equity shares of Rs.2/each.

Buy back to the extent of or less than

10% of paid up equity capital and free reserves of the company

At a price not exceeding Rs.60/-per equity share

Total amount consideration not exceeding 1859 lakhs


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Walt Disney is set to acquire majority in UTV Softwarecommunication Ltd with intention of delisting it.

Walt Disney will buy out public shareholders and other

promoters holding in UTV for around Rs.2013 crore .

Shares held by public shareholders will be acquired atRs.1000 per equity share.

Disney owns 50.44% in UTV during 2008.

UTV founders Ronnie Screwvala, Zarina Mehta and RS

Promoters own 19.82% of the current paid-up equity share

capital, taking the aggregate promoter holding in the company

to 70.26%. The balance 29.74% is in the public domain.


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Used as an opportunity to exit only when there is concerns over

companys prospects.

Free float is expected to shrink considerably.

Immediate benefit but you might be better of as residualshareholder

Gain from hike in the share of assets and profits of the business.


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buyback final

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