Is there any chances of IBReal State Buyback in 2020?
India Bulls Real Estate Buyback 2019
(i) Indiabulls Real Estate was incorporated in the year 2005 with the focus on construction and development of residential, commercial & SEZ projects across major Indian Metros & London. It is the 3rd largest real estate company in India by net worth and assets, with a total Gross Development Value of ₹349.6 billion (US$5.4 billion) and net worth of ₹72.18 billion (US$1.1 billion), as of June 30, 2015.
(ii) Indiabulls Real Estate has a presence in key Indian metros—Mumbai, Delhi and Chennai. Currently, it has 10 ongoing projects in India with a total saleable area of 30.14m sqft, and 5 new projects are planned to be launched shortly with a total saleable area of 7.87 m sqft. Additionally, the company has a fully paid for a land bank of 1,017 acres & also possesses 2,588 acres of SEZ land at Nashik, Maharashtra.
(iii) Indiabulls Real Estate has delivered two commercial towers in Mumbai—One Indiabulls Centre & Indiabulls Financial Centre with over 3m sqft space, apart from delivering projects in Madurai, Ahmedabad, and Thane. Recently, Indiabulls Real estate acquired the prime property, 22 Hanover Square in central London for ₹16.3 billion (US$250 million).
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Offer Amount:||₹ 500 Cr|
|Date of Board Meeting approving the proposal:||Oct 11 2019|
|Date of Public Announcement:||Oct 11 2019|
|Buyback Offer Size:||11%|
|Buyback Number of Shares:||50000000|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 100 Per Equity Share|
Details of Buyback:
Salient financial parameters:
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||86,000||86,000||86,000||86,000|
|No. of Shares buyback||660||1000||1500||2000|
In the last 3 months the share has fallen from 144 to 43. This shows investors do not have confidence in the stock.
The current market price is 43 and buyback price is 100. There is more than 100% arbitarage. However, i feel it is very risky to enter in India Bulls group buybacks.
The risky investors can take bet.
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