CL Educate buyback 2022 is to open on May 27, 2022. CL Educate buyback record date is not set as its an Open Market Offer. The investor should buy the CL Educate shares before the record date to get eligibility for the buyback. Check out CL Educate Share Buyback 2022 details below:
CL Educate Ltd provides its services in the education sector to cater to multiple age groups. They provide services in four verticals that are Consumer Test Preparation, Consumer Publishing, Enterprise Corporate, and Enterprise Institutional. They offer services like competitive test preparation (MBA, Law, Banking, Staff Selection Commission (SSC) courses for Engineering, Medical, Civil Services, Grade VIII-XII Tuitions, International Education (GRE/GMAT), non-test preparation courses (CFA, Data Science, etc.). They offer services to corporates that are Experiential Marketing and Event Management Solutions (Virtual Events Platform – VEP), Digital & MarComm. Services, Customized Engagement Programs (CEPs), Manpower Management & Training Services, Strategic Business Solutions. They have 200 test-prep centers spread across 100 cities in India as of August 2021. They also operate test-prep centers in the UAE.
CL Educate Buyback 2022 Dates
| Buyback Meeting Date: | May 23, 2022 |
| Buyback Announcement Date: | May 23, 2022 |
| Buyback Record Date: | Open Market |
| Buyback Open Date: | May 27, 2022 |
| Buyback Close Date: | Nov 06, 2022 |
| Finalization of Buyback Acceptance: | – |
CL Educate Buyback 2022 Offer Details
CL Educate buyback of 5,88,235 equity shares at a price of ₹170 per equity share. The buyback offers not to exceed ₹10 crores of the total buyback offer size.
| Offer Amount: | ₹10 Crores |
| Number of Shares: | 5,88,235 Equity Shares |
| Face Value: | ₹5 per equity share |
| Buyback Price: | ₹170 per equity share |
| Listing: | BSE & NSE |
| Buyback Type: | Open Market Offer |
| Letter of Offer: | Click Here |
CL Educate Buyback 2022 Acceptance Ratio
The investor should buy around 1176 shares at a current market price of ₹123 (as of 24 May 2022). The calculation will be ₹2,00,000 / ₹170 buyback price = 1176 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹144705 | 388 | ₹18247 |
| 50% | ₹144705 | 588 | ₹27647 |
| 75% | ₹144705 | 882 | ₹41470 |
| 100% | ₹144705 | 1176 | ₹55294 |
CL Educate Financial Report
| ₹ in Crores | |||||
| Year | Revenue | Expense | PAT | ||
| 2020 | ₹178 | ₹219 | -₹53 | ||
| 2021 | ₹108 | ₹108 | -₹5 | ||
| 2022 | ₹205 | ₹185 | ₹9 | ||
CL Educate Buyback 2022 Eligible Share Holders
The investors are eligible for the buyback scheme who have CL Educate shares in their Demat account as the record date is Open Market Offer. Investors can participate in the CL Educate Buyback 2022 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under the CL Educate buyback scheme.
CL Educate Buyback 2022 Registrar
CL Educate Buyback 2022 Lead Managers
- V B Desai Financial Services Limited
CL Educate Company Address
CL Educate Buyback 2022 FAQs
When is CL Educate Buyback 2022 Record Date?
When is CL Educate Buyback 2022 Open Date?
What is CL Educate Buyback 2022 Price?
How to apply for CL Educate Buyback 2022?
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