Wednesday, February 20, 2019

Tech Mahindra Buyback 2019 Record Date, Buyback Price & Details

 Wednesday, February 20, 2019  
Sponsored Links
Tech Mahindra Limited is a multinational company headquartered at Pune and has its registered office in Mumbai. The company is a well known  information technology (IT), networking technology solutions and Business Process Outsourcing (BPO) to various industry verticals and horizontals. The company chairman is Anand Mahindra. They have over 900 active clients in March 2018. Tech Mahindra is a part of Mahindra Group and is a US$4.7 billion company. They have over 1 lakh employees across the globe. Tech Mahindra reported revenue of US$4.77 billion with Net income of US$588 million in 2018.


Tech Mahindra Buy Back 2019 Offer Details:

 Buyback Record Date:
  06-Mar-2019
 Board Meeting Approval:   21-Feb-2019
 Public Announcement:   21-Feb-2019
 Buyback Offer:   Rs.1956 Crore
 Buyback Offer Size:   2.10%
 Number of Shares:
  2,05,85,000
 Share Face Value:
  Rs.5
 Buyback Price:   Rs.950
 Buyback Type:   Tender Offer

Tech Mahindra buyback of 2,05,85,000 equity shares which is around 2.10% of all the existing number of equity shares at a price of Rs.950 per equity share. The buyback offer not exceeding of Rs.1956 crore of total buyback offer size.

Tech Mahindra Buyback Eligible Share Holders:
The investors are eligible of the buyback scheme who have Tech Mahindra shares in their Demat account as record date 06-March-2019. Investors can participate in the Tech Mahindra Buyback 2019 scheme as per the opening form by selling your shares. The payment will be given as per the accepted shares by the company under the Tech Mahindra buyback scheme.

Tech Mahindra Buyback Rating: 4.5 Star with 1 Vote by IPOWatch

Checkout Current Tech Mahindra Shares market price on NSE and BSE: Tech Mahindra Live Quote

Note: If anything you want to know about the buyback offer you can refer the Tech Mahindra buyback offer documents.

2 comments:

  1. Nice IT company
    Hope
    It will do good
    Best wishes for the good start

    ReplyDelete
  2. At present share holding pattern only 15 to 20 % will be acceptance ratio possible

    ReplyDelete