Navneet Education Limited BuyBack 2018
Navneet Education Limited Buyback
(i) The company has emerged as the preferred brand for educational products among teachers and students. The immensely popular products like Vikas workbooks, Gala practice books, YouVa full-scapes, are hot favorites amongst the young segment of India. These products are bestsellers not just because of their superior quality but also because of the nostalgic association of 90’s kids.
(ii) In December 2016, Company acquired Encyclopedia Britannica (India) Pvt. Ltd. for publishing CBSE Textbooks. With this acquisition, Navneet will focus on serving the regional teaching and learning needs with supplemental digital solutions.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Aug 31 2018|
|Buyback Opening Date:||Sep 24 2018|
|Buyback Closing Date:||Oct 08 2018|
|Buyback Offer Amount:||₹ 75 Cr|
|Date of Board Meeting approving the proposal:||Aug 20 2018|
|Date of Public Announcement:||Aug 20 2018|
|Buyback Offer Size:||2.01%|
|Buyback Number of Shares:||46.87 lacs|
|Buyback Price:||₹ 160 Per Equity Share|
Details of Buyback:
Salient financial parameters:
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|(i) Amount Invested in Buyback||1,60,000||1,60,000||1,60,000||1,60,000|
|(ii) No. of Shares buyback||412||625||937||1250|
|(iii) BuyBack Profit||13184||20000||29984||40000|