NIIT Limited Buyback will open for subscription from 12 April 2021. the company aims for an issue size of ₹ 237 Crores through this buyback issue.
NIIT Limited
The company is a leading Skills and Talent Development Company that has two main lines of business; a.) Corporate Learning Group and b.) Skills and Careers Group NIIT’s Corporate Learning Group (CLG) offers Managed Training Services (MTS) to market-leading companies in North America, Europe, Asia, and Oceania.
The Skills & Careers Business (SNC) delivers a diverse range of learning and talent development programs to millions of individual and corporate learners in areas including Digital Transformation, Banking, Finance & Insurance, Soft Skills, Business Process Excellence, Retail Sales Enablement, Management Education, Multi-Sectoral Vocational Skills, Digital Media Marketing, and new-age IT. With a footprint in over 30 countries, these business lines offer training and development solutions to Enterprises, Individuals, and Institutions.
Objects of the Issue
- To return surplus funds to the Equity Shareholders.
- To help improve financial ratios like earnings per share and return on equity, by reducing the equity capital of the Company.
NIIT Buyback Issue Timetable
| Offer Opens On | Apr 12, 2021 |
| Offer Closes On | Apr 28, 2021 |
| Record Date | Feb 24, 2021 |
| Last Date for receipt of Tender Forms | Apr 30, 2021 |
| Finalisation of Buyback Acceptance | May 6, 2021 |
| Last Date for settlment of bids | May 7, 2021 |
| Last Date for Extinguishment of Shares | May 14, 2021 |
NIIT Buyback Details
| Issue Period | Apr 12, 2021 – Apr 28, 2021 |
| Security Name | NIIT Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 0.99 Crores |
| Issue Size (Amount) | ₹237.00 Crores |
| Buyback Price | ₹240 per share |
| Face Value | ₹2 per share |
| Listing At | BSE, NSE |
Buyback Ratio
| Category | Entitlement Ratio of Buyback |
|---|---|
| Reserved Category for Small Shareholders | 102 Equity Shares for every 919 Equity Shares held on the Record Date |
| General Category for all other Eligible Shareholders | 19 Equity Shares for every 292 Equity Shares held on the Record Date |
Company Financials
| Particulars | For the year/period ended (Rs. in Lakhs) | ||
|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Income | 1,00,598 | 87,136 | 85,909 |
| Profit After Tax | 1,32,718 | 8,720 | 6,368 |
| Net Worth | 96,292 | 28,350 | 18,938 |
Stock Market Data (for preceding 3 months)
BSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Jan-2021 | 205.95 | 187.65 | 198.63 |
| Dec-2020 | 207.35 | 168.75 | 182.88 |
| Nov-2020 | 190.35 | 131.5 | 153.42 |
NSE
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Month | High Price | Low Price | Average Price |
| Jan-2021 | 206.15 | 187.6 | 198.6 |
| Dec-2020 | 207.3 | 168.85 | 182.97 |
| Nov-2020 | 190.5 | 131.5 | 153.43 |
NIIT Limited Buyback Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: niit.buyback2021@linkintime.co.in
Website: http://www.linkintime.co.in
Company Contact Information
NIIT Limited
8, Balaji Estate, First Floor,
Guru Ravi Das Marg,
Kalkaji New Delhi – 110019
Phone: +91-11-41675000
Email: investors@niit.com
Website: https://www.niit.com/india/
Final Thoughts
A buyback occurs when the issuing company pays shareholders the market value per share and re-absorbs that portion of its ownership that was previously distributed among public and private investors. subscribing for a buyback issue is purely a personal choice. make a detailed study before you make a decision on buyback issue subscription.
Happy Investing