Indiabulls Ventures Limited’s headquarter in New Delhi founded in 1995, which is one of leading India’s leading capital market companies providing securities and derivatives broking services. The company is registered with SEBI as a stockbroker, a depository participant, a research analyst and merchant banker in category I. The company is a pioneer of the online trading platform in the country. The company is also engaged in the marketing of non-discretionary wealth management products through its subsidiaries.
The company subsidiaries, Indiabulls Commodities Limited, provides commodity services in MCX and NCDEX exchanges. This was the first company to be assigned the BQ-1 grading by CRISIL, which is the highest broker quality grading. Indiabulls Ventures is a part of the Indiabulls Group, which is one of the country’s leading business houses with Interest in housing finance, real estate, securities, personal financing, construction equipment leasing, and facilities sector.
| Buy Back Type | TENDER OFFER |
| Date of Announcement | 11 October 2019 |
| No. Of Shares Buyback | 6,66,66,666 |
| Record Date | 19 December 2019 |
| Opening Date | Not announced |
| Closing Date | Not announced |
| Buy Back Amount & % | RS.1000 CR, 12.61% |
| Buy Back Price | RS 150/- per equity share |
| Face Value | RS 2/- per equity shares |
| Share Holdings | NON INST 37.87%, PROMOTERS 36.57% Other DIIs 0.23% Others 0.01% FIIs 25.31% |
How to participate buyback:
To participate in Buy back the investor should have shares of Ibullventures LTD in demat or physical form as on record date 19 December 2019.
If you are eligible for buyback you would receive a tender form to your registered email id or the form to be delivered by courier from the company’s RTA.
Once you have shares in Demat, you can participate in the buyback process by selling your shares through your broker on NSE or BSE.
The payment will be given to you for the accepted shares and unaccepted shares will be returned to your Demat account.
Buyback details
Indiabulls Ventures Limited board has approved a proposal for buyback up to 6.66 crore shares at Rs. 150/- per share, aggregating Rs 1000/- crore that is 12.61% of total paid-up equity share capital.
Review
Indiabulls Ventures Limited buyback as an official acceptance ratio for the retail investors is between 10-15% and the actual acceptance ratio to be 25-60%. We rate this buyback 3 out of 5.
