for me it is 32.8%. Received an email (Trade confirmation from tendered shares 493/1500) in ICICI.
R SYSTEMS INTERNATIONAL LIMITED Buyback 2019
They were incorporated in 1993 as a software consulting firm in the United States. With a focus on delivering quality to all customers, they started the India operations in 1997, by setting up our offshore software development center in Noida, India.
They received strategic investments from Intel Capital and GE Capital in 2001 and 2002. With a backdrop of successful response from ISVs, they underwent a massive transformation in 2006. From offshore software Development Company to global outsourced product Development Company, they revisited their business focus. The remarkable acquisitions at that time included Pune-based Indus Software and Singapore-based ECnet.
During this phase, they strengthened their serviceability by aligning mature quality assessments like CMMI Level 5, ISO: 9001: 2008, PCMM Level 5, and Six Sigma certifications. They also added US-based Web Converse & Europe-based Sento in their list of acquisitions and became a listed member on National Stock Exchange (NSE) and Bombay stock Exchange (BSE)
They began offering services in four major verticals including; Banking & Finance, Telecom & Digital Media, Healthcare, and Manufacturing & Logistics. To further strengthen the Telecom Vertical, we acquired UK-based Computaris.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Feb 01 2019|
|Buyback Opening Date:||Mar 15 2019|
|Buyback Closing Date:||Mar 29 2019|
|Buyback Offer Amount:||₹ 23.985 Cr|
|Date of Board Meeting approving the proposal:||Jan 15 2019|
|Date of Public Announcement:||Jan 15 2019|
|Buyback Offer Size:||9.87%|
|Buyback Number of Shares:||3,690,000|
|Buyback Price:||₹ 65 Per Equity Share|
Details of Buyback:
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||1,65,231||1,65,231||1,65,231||1,65,231|
|No. of Shares buyback||1015||1538||2307||3076|
Yeah, might be true. As on the record date I have 400 shares, but, I tendered only 300 shares for buyback. Hence, other than the entitled shares, the acceptance ratio seems to be 26.4% for the balance shares.
Acceptance ratio: 35%
I didn’t get any Letter of Offer or Tender-form (no email), from R-Systems, to make a bid for buyback.
But I hold many shares on record-date (1-Feb-2019.)
I hope, I can participate in bid. Please clarify.
Whether any one of you, received any Letter of Offer or Tender-form emails from R-Systems. Plz Confirm ?
Many people are creating use-less You-Tube/Telegram Channels..
You worth to have channel. Please create the same and share useful infos.
Letter of Offer
Entitlement = 8.77% ( 23 Equity Shares out of every 262 fully paid-up Equity Shares held
on the Record Date. )
What will be the Acceptance Ratio? Any Guesstimate😊
Buyback open date – March 15, 2019 and close date – March 29, 2019
Can I enter in this buyback with the current market price??
Will it be safe to enter in this Buyback at this stage?
No. It is risky.
should we participate in this buyback
kindly do the analysis on expected acceptance ratio and potential upside or downside
Just buying for buyback will be very risky. Stock as already run up and only about 3 crores worth reserved for retailers
Agree with Gaurav Jii. Last time they did buyback around the same price. Maybe Promoters are just using this buyback method to fill their pocket.
200,50,21 DMA above, RSI at good area. But it Small cap, risk is here..
Buyback Analysis of R System in 2016
1. Buyback Announcement date: 14.09.2016—– Share Price was 60.65., Buyback Size= 30 Lakhs, Total Size= 19.5 Cr.
2. 3076 Shares bought at Rs. 60.65 means an investment of 1,86,559.
3. Entitlement Ratio for Retail Category was 7.46%.
4. Final Acceptance Ratio was 90%.
5. Date of Opening and Closing on = 07.11.2016 to 21.11.2016.
6. Settlement Date= 29.11.2016 and Share Price on 29.11.2016 was 58.75.
7. Total Profit.
Retail Acceptance Ratio was 90%. i.e. out of 3076 shares, 2768 shares have been buyback by the company. Profit on Accepted Shares= 12171
The unaccepted Shares were given back on 29.11.2016. The share price on 29.11.2016 was 58.75 . So if you sell the remaining 307 shares at 58.75, then a loss of 307*1.9= 583
8. Overall we can say a profit of 11587 on an investment of 1,86,559 in less than 2 months.
Rsystem approved buyback at 65 Rs. Through tender route
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