Indian stock buybacks- only eClerx is profitable

Please Share:: �� India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details ��

��

-->

Buyback Offer

1. Aarti Industries  Cmp RS. 1100
Buyback @ 1200
Record Date 05 January 2018.

2. Swaraj Engines  Cmp Rs. 2000
Buyback @ 2400
Record Date 12 January 2018

3. Gandhi Special Tube
Cmp Rs 416
Buyback @ 500

4. Eclerx Service
Cmp Rs. 1566
Buyback @ Rs 2000

5. Novartis India Limited
Cmp Rs 640
Buyback rate : Rs 670


Buy – Back
eClerx services Limited
View : positive due to probability of acceptance for retail may increase and good buy-back price
UPSIDE % =32.90 % ( difference between Buy-Back price and CMP )

Promoter’s Holding = 50.16%
Public holding upto Rs.2Lacs = 3.85% = 1535526 equity shares
CMP = Rs.1503.85/- per share
MARKET  CAP = Rs. 6003.23 crore
BUY – BACK Price = Rs. 2000 per share
Buy Back of Shares = 1290000 (Twelve lacs Ninety thousand  Only) equity shares (representing 3.24% of the total number of equity shares in the paid-up share capital of the Company)
Route : Tender offer
Retail Acceptance ratio = 15%
Overall Acceptance ratio= 4%
Promoter’s would participate
Size of Buy-Back = Rs.258 crore