NIIT Technologies Limited
CLOSED 🏷️ TENDER OFFERShare Buyback · Listed Equity · IPO Guide · Scrip: NIITTECH
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Buyback Summary:
Company is offering to buy back equity shares at ₹1,725.00 per share.
(Record Date: 12 Mar 2020)
Buyback Price
₹1,725
Total Shares
1,956,290
Record Date
12 Mar 2020
Buyback Dates
29 May – 11 Jun 2020
Expert Rating
The financials of the company are good over the years, RoE is around 14.80% and at CMP its looks fully priced. Price difference is around 8% and acceptance ratio as per current share holding for retail will be around 10% and after announcement of buyback possibility of retail holding will increase. So expected acceptance ratio would be around 20% and gain around 1.5% for retail investors. If CMP goes down around 10%-15%, then it may be attractive, So we give rating to this buyback.
Disclaimer
No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.
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