Symphony Buyback 2023: The Board of Directors of Symphony Limited has fixed March 29, 2023 as the record date for buyback of shares. The company has already announced buyback of shares. 200 crores in February 2023. The buyback of shares will be executed through the tender route and the Symphony buyback price has been determined by 2,000 per share. symphony share price today 1,128 on the NSE, which means the buyback of shares has been announced at a premium of about 75 per cent.
Symphony Limited informed the Indian markets about this buy back Referring to the record date, “Pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended and Regulation 9(i) of the SEBI (Buy-back of Securities) Regulations, 2018, as amended is hereby informed that the Company has fixed Wednesday, the 29th March, 2023 as the Record Date for the purpose of determining the eligibility and the names of the Equity Shareholders who will be eligible to participate in the Buy-back and the shareholders to whom the letter of offer and tender will be sent in respect of the buy-back form.”
On other Symphony buyback details, the company said, “This is with reference to our earlier notifications dated February 08, 2023, informing the stock exchanges that the Board of Directors has approved 10,00,000 fully paid-up buyback shares of the company.” -Bank has approved the offer of Equity Shares of the Company of face value of INR 2/- (Indian Rupees only) each of INR 2,000/- (Indian Rupees Two Thousand only) per Equity through the “Tender Offer” route at the cost of the Shares, payable in cash, subject to approval from the members of the Company for an aggregate amount not exceeding INR 200,00,00,000 (Indian Rupees Two Hundred Crores only).
Here we list down top 5 Symphony buyback details you must know:
1]Symphony buyback price: The company has announced buyback of shares at Rs. 2,000 each.
2]Symphony buyback record date: The company has fixed March 29, 2023 as the record date for finalizing the shareholders eligible for buyback.
3]Symphony Buyback Process: The buyback of shares will be done through the tender route.
4]Symphony Buyback Acceptance Ratio: A good number of applications are expected as the Symphony buyback has been announced at a premium of 75 per cent, which means the acceptance ratio will be low.
5]Symphony Buyback Price: Share buyback will be beneficial 200 crores.
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