Smartlink Network Systems Limited Buyback Apr 2018
Smartlink Network Systems Limited Buyback
Smartlink Network Systems Limited is one of India’s leading networking company. It was established in the year 1993 to prop the Indian market in the field of Network Infrastructure. Pioneer in the field of Active networking, it offers an integrated value proposition from design and development to sales and marketing, and service and support. The Company has a robust product portfolio and a nationwide reach through its network of national and regional distributors, resellers and system integrators.
Our business outline includes :
DIGISOL – Active Networking Solutions
DIGILITE – Motherboards and More
DIGICARE – Service & Support
DIGITAB – Tablets
Research & Development
Electronic Manufacturing Services
Contract & In-house Manufacturing
Our network comprises of
10 Branch Offices.
22 Regional Distributors
Over 200 Empower Value System Integrators (EVSI)
Over 1000 Empower Value Added Resellers (EVAR)
Over 5000 Empower Authorised Partners (AP)
We work closely with our channel partners and system integrators who value the power and quality of our products.
We also invest considerably in training and empowering our channel partners to build their technical expertise as well as enhance our brand positioning and visibility in the industry.
Our market know-how and in-depth understanding have led us to emerge as pioneers in delivering end-to-end products and our customers cover a broad spectrum – from small and medium business segments to the enterprise market.Smartlink Network Systems Limited Board has approved a proposal for buyback of up to 56 lakh shares at Rs 120 per share, aggregating Rs 67.2 Cr which is 4.83% of the total paidup equity capital of the Company
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||May 18 2018|
|Buyback Opening Date:||Jun 13 2018|
|Buyback Closing Date:||Jun 26 2018|
|Buyback Offer Amount:||₹ 67.20 Cr|
|Date of Board Meeting approving the proposal:||Apr 07 2018|
|Date of Public Announcement:||Apr 07 2018|
|Buyback Offer Size:||24.83%|
|Buyback Number of Shares:||56 Lacs|
|Buyback Price:||₹ 120 Per Equity Share|
Details of Buyback:
Smartlink Network Systems Limited BuybackThe Board of Directors of Smartlink Holdings Limited at its meeting held on April 7, 2018, has approved the Buyback of up to 56,00,000 (Fifty-Six Lakhs Only) Equity Shares at a price of Rs. 120/ (Rupees One Hundred and Twenty Only) per Equity Share up to an aggregate amount not exceeding Rs. 67,20,00,000/- (Rupees Sixty Seven Crores Twenty Lakhs only) excluding the transaction costs viz. brokerage, advisors’ fees, printing and dispatch expenses, applicable taxes such as securities 13 transaction tax, goods and service tax, stamp duty and other related and incidental expenses, which works out to be 20.11% of the aggregate of the fully paid-up share capital and free reserves as per the audited accounts of the Company as on March 31, 2017 through the "Tender Offer" route as prescribed under the Buyback Regulations on a proportionate basis, from the equity shareholders / beneficial owners of the Equity Shares of the Company as on the Record Date.
Salient financial parameters:
|(i) Net worth (in Crore)||335.87||268.67|
|(ii) Return on Net worth (%)||1.54%||1.92%|
|(iii)Earnings Per Share||2.12||3.05|
|(iv) Book Value per Share||148.94||158.51|
|(vi) Total Debt/ Equity Ratio||--||--|
Source of funds for the Buyback:
Shareholding Pattern Pre and Post buyback:
|Equity Shares||%||Equity Shares||%|
|(i) Promoters and Members of Promoter Group||16,786,815||74.44||--||--|
|(ii) Foreign Investors (including NRIs, FIIs and Foreign MFs)||--||--||--||--|
|(iii) Financial Institutions / Banks & Mutual Funds||--||--|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Smartlink Network Systems Limited Buyback offer calculation for an investment of Rs 2,00,000 @105 per share|
|% Share Accepted||No of Shared Accepted||Gain from Buyback Offer|