SQS India BFSI Buyback 2019
SQS India BFSI Limited is the leading Business Assurance and Testing Specialist focusing exclusively on the Financial Sector. With a successful track record of over 15 years, and more than 14 million person-hours of Testing, the company has served 150 plus customers in APAC, USA, UK and Middle East.
It is a public company listed in both BSE and NSE with its registered office in Chennai. The company is ISO 9001:2015 and ISO 27001:2013 certified, both its Chennai Test centers are SSAE 16/ISAE 3402 compliant and one of the centers is PCI:DSS compliant.
SQS India BFSI Limited helps clients reduce software product life cycle costs and develop ‘business ready software’ within compressed timelines, through intense domain focus, structured software testing methodologies, offshore delivery, and test automation expertise. The company also has the distinction of maintaining life-cycle standards in execution, coverage, quality and confidentiality.
Its financial software testing services have helped system integrators and product development companies to achieve near defect-free rollouts of software products such as PRIME, TS2®, VisionPLUS®, Oracle FLEXCUBE®, T24, Equation, B@ncs24, CS Eximbills, FinnOne™, Kondor+, Pan Credit, TS2, Siebel, Newton, Kastle, Genius, Premia, MIDAS, ClarityQ and Finacle.
SQS India BFSI Limited is part of the SQS Group, the world’s leading specialist in software quality.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Offer Amount:||₹ 25.34 Cr|
|Date of Board Meeting approving the proposal:||Jan 31 2019|
|Date of Public Announcement:||Jan 31 2019|
|Buyback Offer Size:||4.30%|
|Buyback Number of Shares:||460896|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 550 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||1,70,181||1,70,181||1,70,181||1,70,181|
|No. of Shares buyback||120||181||272||363|