Tips Industries Limited Buyback 2020
(i) Tips Industries Limited is an entertainment company. The Company is engaged in the business of audio/video products, film production, and distribution. The Company’s segments include Audio/Video productions and Film productions/Distribution. It also owns the RACE franchise, which is a Hindi film franchise. In addition, the Company produces Punjabi films.
(ii) The Company’s music business includes a digital library of approximately 25,000 songs. Its music business includes albums, such as kaptaan, ambarsariya, mehndi laga ke-bollywood wedding hits, karle baby dance wance-dance beat collection and loveshhuda; tracks, such as pagg wala munda, ju think, redua and oscar, and ringtones, including aa bhi jaa sanam and mar jaayen, among others. The Company also produces Hollywood and Bollywood films. The Company’s films include jihne mera dil luteya, prince, toh baat pakki, kismet connection, race, and naqaab, among others.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Offer Amount:||₹ 18.90 Cr|
|Date of Board Meeting approving the proposal:||Feb 13 2020|
|Date of Public Announcement:||Feb 13 2020|
|Buyback Offer Size:||9.23%|
|Buyback Number of Shares:||1350000|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 140 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||181356||181356||181356||181356|
|No. of Shares buyback||471||714||1071||1428|