Navneet Education Limited BuyBack 2021
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.
(iii) Navneet reaches students of all age groups, teachers, parents, coaching institutions, and the community at large.
(iv) The products are smartly designed to keep them functional, both in the terms of educational as well as marketing aspects. Products and brands can be advertised on the cover pages of bestselling products. Here’s a list of products where advertising opportunities are available.
Buy Back Offer Deal:
|Buyback Type:||Open Offer|
|Buyback Offer Amount:||₹ 50 Cr|
|Date of Board Meeting approving the proposal:||May 27 2021|
|Date of Public Announcement:||May 27 2021|
|Buyback Offer Size:||5.40%|
|Price Type:||Open Offer|
|Buyback Price:||₹ 100 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars (in Crores)||Mar-15||Mar-16||Mar-17||Mar-18||Mar-19||Mar-20|
|Profit before tax||200||190||264||210||245||272|
|EPS in Rs||5.47||4.51||7.3||5.45||6.68||8.62|
|Dividend Payout %||40%||49%||34%||28%||15%||35%|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio: