Mayur Uniquoters Ltd. Buyback (Mayur Uniquoters Buyback 2024) Detail

Last date to be eligible to participate in buyback is August 22, 2024.

The Mayur Uniquoters Buyback 2024 is a Tender Offer.

The Mayur Uniquoters Buyback 2024 is being offered at Rs ₹800 per share per equity share.

The record date for the Mayur Uniquoters Buyback 2024 is August 23, 2024.

The issue size of Mayur Uniquoters Buyback 2024 is of 500,000 equity shares at ₹800 per share aggregating upto ₹40.00 Crores.

The buy-back of equity shares, through the tender offer route, is being implemented in keeping with the company's desire to enhance overall shareholder value. The buy-back would reduce the outstanding number of equity shares and may consequently increase earnings per equity share over time. This would, in turn, lead to improvement in return on net worth and other financial ratios and contribute to maximization of overall shareholders' value.

1. The Buy-back gives an option to the equity shareholders to either participate in the Buy-back and receive cash instead of Equity Shares accepted under the Buy-back or not participate in the Buy-back and enjoy a resultant increase in their percentage of shareholding in the Company post the Buy-back;
2. The Buy-back would help in improving certain key financial ratios of the Company;
3. The Buy-back, implemented through the Tender Offer route as prescribed under the Buyback Regulations, would involve a reservation for small shareholders as defined in this Regulation.

Letter of Offer

All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.

The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.

The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.

The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.

The Mayur Uniquoters Buyback 2024 offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.