Softsol India Limited
(i) Founded in 1993, and headquartered in California’s Silicon Valley, SoftSol is a world-class specialized IT services provider that empowers its customers towards greater efficiency, innovation, compliance, and cost savings.
(ii) SoftSol has a 19+ year history of successfully servicing several customers across multiple industry verticals, giving us the advantage of providing IT business solutions while adopting next generation technology platforms and tools. The Company provides software services and solutions in the areas of e-commerce, supply chain management, business intelligence, customer relationship management and enterprise application integration. The company also provides software for network switching systems, network management systems and embedded systems..
(iii) SoftSol has been a driver in the evolution of IT through Web, SOA, Digital Transformation, Big Data, Cloud and Artificial Intelligence/Machine Learning. Combining fundamental business strategies with bold moves in technology innovation, SoftSol has been assisting organizations such as the Department of Defense, California Department of Justice, Genentech, CalPERS, Cisco, Superior Court of California County of Alameda, and HBO towards leadership in their respective industries.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Jan 13 2023|
|Buyback Opening Date:||Mar 03 2023|
|Buyback Closing Date:||Mar 17 2023|
|Buyback Offer Amount:||₹ 35 Cr|
|Date of Board Meeting approving the proposal:||Dec 21 2022|
|Date of Public Announcement:||Dec 22 2022|
|Buyback Offer Size:||15.30%|
|Buyback Number of Shares:||20,58,824|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 170 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars ( Fig. In Cr)||Mar 2018||Mar 2019||Mar 2020||Mar 2021||Mar 2022|
|Other Income +||5||5||6||10||15|
|Profit before tax||8||8||9||16||20|
|EPS in Rs||3.41||3.35||4.01||8.22||9.94|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|(i) Amount Invested in Buyback||1,90,512||1,90,512||1,90,512||1,90,512|
|(ii) No. of Shares buyback||388||588||882||1,176|
|(iii) Buy Back Profit||3,104||4,704||7,056||9,408|