Tech Mahindra Limited Buyback Offer 2019
Tech Mahindra represents the connected world, offering innovative and customer-centric information technology experiences, enabling Enterprises, Associates and the Society to Rise™.
They are a USD 4.9 billion company with 121,840+ professionals across 90 countries, helping over 935 global customers including Fortune 500 companies. The convergent, digital, design experiences, innovation platforms and reusable assets connect across a number of technologies to deliver tangible business value and experiences to our stakeholders. Tech Mahindra is the highest ranked Non-U.S. company in the Forbes Global Digital 100 list (2018) and in the Forbes Fab 50 companies in Asia (2018).
They are a part of the USD 21 billion Mahindra Group that employs more than 200,000 people in over 100 countries. The Group operates in the key industries that drive economic growth, enjoying a leadership position in tractors, utility vehicles, after-market, information technology, and vacation ownership.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Mar 06 2019|
|Buyback Opening Date:||Mar 25 2019|
|Buyback Closing Date:||Apr 05 2019|
|Date of Board Meeting approving the proposal:||Feb 21 2019|
|Date of Public Announcement:||Feb 21 2019|
|Buyback Offer Size:||2.10%|
|Buyback Number of Shares:||20,585,000|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 950 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||1,74,300||1,74,300||1,74,300||1,74,300|
|No. of Shares buyback||69||105||157||210|