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June 3, 2022 - June 16, 2022

Sinclairs Hotels Limited Buyback (Sinclairs Hotels Buyback) Detail

Sinclairs Hotels Limited owns and operates nine properties in India. The company has properties in Burdwan, Siliguri, Darjeeling, Kalimpong and Dooars in West Bengal, Gangtok and Yangang in Sikkim, Ooty in South India and Port Blair in the Andamans. Sinclairs also offer excellent venues for holding conferences, meetings and seminars in these locations. The properties consistently receive high ratings from travellers for guest comfort, service, food and conference facilities.

Sinclairs Hotels Buyback Detail

Issue PeriodJune 3, 2022 - June 16, 2022
Security NameSinclairs Hotels Limited
Issue TypeTender Offer
Issue Size (Shares)700,000
Issue Size (Amount)₹10.01 Crores
Buyback Price₹143 per share
Face Value₹2 per share
Listing AtBSE

Sinclairs Hotels Buyback Issue Timetable

Record DateMay 13, 2022
Offer Opens OnJune 3, 2022
Last Date for receipt of Tender Forms
Offer Closes On *June 16, 2022
Finalisation of Buyback Acceptance
Last Date for settlment of bids
Last Date for Extinguishment of Shares

Buyback Ratio

[.]

Company Financials

Summary of financial Information
Particulars For the year/period ended (Rs. in Lakhs)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Income 2,313.88 4,716.66 4,958.31
Profit After Tax 351.12 948.90 974.69
Net Worth 10,334.42 10,195.89 9,643.24

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Mar-2022 100.00 75.00 89.23
Feb-2022 89.80 70.00 81.84
Jan-2022 78.50 60.00 73.56

Necessity of the Issue

The buyback is being undertaken for the following reason:

1. The Buyback will help the Company to return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.

2. The Buyback would help in improving return on equity, by the reduction in the equity base, thereby leading to a long term increase in shareholders' value.

Sinclairs Hotels Buyback Documents

Sinclairs Hotels Buyback Rating

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Rating:Rated 3.7 stars
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Company Contact Information

Sinclairs Hotels Limited
Pressman House
10A, Lee Road
Kolkata 700020

Phone: +91 98305 56333
Email: kolkata@sinclairshotels.com
Website: https://www.sinclairshotels.com/

Sinclairs Hotels Buyback Registrar

  1. Niche Technologies Pvt. Ltd
       D-511, Bagree Market,
       71, B R B Basu Road,
       Kolkata - 700 001, West Bengal, India

    Phone: 2235-7270/ 7271
    Email: nichetechpl@nichetechpl.com
    Website: http://www.nichetechpl.com

Sinclairs Hotels Buyback Manager

Lead Manager(s)

Registered Broker

  1. Edelweiss Broking Ltd.
    Email: settlements@edelweissfin.com

Find Sinclairs Hotels Buyback Latest Update

Sinclairs Hotels Buyback FAQs

The Sinclairs Hotels Buyback opens on June 3, 2022, and closes on June 16, 2022.

The Sinclairs Hotels Buyback last day to buy is not available as of now.

The Sinclairs Hotels Buyback is a Tender Offer.

Sinclairs Hotels Buyback Schedule

Buyback Opening DateJune 3, 2022
Buyback Closing DateJune 16, 2022
Last Date for receipt of Tender Forms
Finalisation of Buyback Acceptance
Last Date for settlment of bids
Last Date for Extinguishment of Shares

The Sinclairs Hotels Buyback is being offered at Rs ₹143 per share per equity share.

[.]

The record date for the Sinclairs Hotels Buyback is May 13, 2022.

The issue size of Sinclairs Hotels Buyback is of 700,000 equity shares at ₹143 per share aggregating upto ₹10.01 Crores.

The buyback is being undertaken for the following reason:

1. The Buyback will help the Company to return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.

2. The Buyback would help in improving return on equity, by the reduction in the equity base, thereby leading to a long term increase in shareholders' value.

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 Sinclairs Hotels Buyback 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.


7 Comments

7. Vidya Kulkarni     Link|August 2, 2022 10:57:57 PM
I had applied for Buyback of my 150 shares of Sinclair hotels but not a single share was accepted. What is the reason?
6. sanjay     Link|June 27, 2022 10:44:22 PM
I had applied for shares in the buy back option, but only 13 has been sold
5. Vinod Kumar     Link|June 7, 2022 3:39:25 PM
Hi,
I am unable to apply for share buyback in my Groww account.
5.1. Vjk     Link|June 16, 2022 11:04:48 AM
Just contact support@groww.in

If you have received the mail from registrar, then you can download tender form from registrar website,take printout and send to above mail is.
May be you will get respond
4. Gandhi     Link|June 6, 2022 6:10:07 PM
tHE REGistrar is poor. does not respond to call. jus basic download form facility is not available. What to do?
3. Amit Goyal     Link|May 21, 2022 8:24:56 AM
What is opening Date.
2. Vipin Agarwal   I Like It. 1|  Link|April 28, 2022 7:02:05 PM
@Teamchittorgarh

There is some issue in the buyback figures.
The issue size is 10.01 Crores share and the buy price is Rs 143 /share
So shouldn't the issue size be 1431 crores.. not just Rs. 0.07 crores
2.1. Team Chittorgarh.com     Link|April 28, 2022 9:21:03 PM
We apologize for the mistake. It has been rectified.
1. JIGYASU     Link|April 27, 2022 9:29:35 PM
share buy back
sinclairs hotel ltd

hi friends , i am new for buy back trading . at chittorgarh.com a new buy back page for above mentioned hotel opened , will any body guide , will it be good to buy sinclairs hotel if yes at what price

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