Pennar Industries (NSE: PENIND BSE: 513228) buyback was announced on 09 March 2022. The Pennar Industries buyback record date is not fixed as it’s an open market offer. The investor should buy the Pennar Industries shares on or before the record date to get the eligibility for the buyback.
Pennar Industries has started its engineering excellence in 1998. They established their first manufacturing plant at Isnapur, Hyderabad. After that, they have a series of strategic acquisitions and expansion plans. They are one of the leading value-added engineering products and solutions providers in India. They have made their presence in the industries like Infrastructure, Agriculture, Mining, Marine, Paper, Shipping, Automobiles, Power, General Engineering, and Building & Construction sectors. Currently they have around 9 manufacturing plants in India and a presence globally. They cater to some of the bigger clients like Tata, L&T, Ashok Leyland, IFB, Mahindra, JSW, NCC, Honda, TVS, Eicher, Whirlpool, Toyota, Voltas, LG, HCC, P&G, BGR Energy, Hyundai, Maruti Suzuki, MRF, NTPC, Bhel, and more. Check out Pennar Industries Buyback 2022 details as below given:
Pennar Industries Buyback Record Date 2022 & Time Table
|Buyback Meeting Date:||
09 March 2022
|Buyback Announcement Date:||09 March 2022|
|Buyback Record Date:||Open Market|
|Buyback Open Date:||2022|
|Buyback Close Date:||
|Finalization of Buyback Acceptance:||
Pennar Industries Buyback 2022 Offer Details
|Offer Amount:||₹40 Crores|
|Number of Shares:||
₹5 per equity share
|Buyback Price:||₹50 per equity share|
|Listing:||BSE & NSE|
|Buyback Type:||Open Market Offer|
Pennar Industries buyback of – equity shares that are around -% of all the existing number of equity shares at a price of ₹50 per equity share. The buyback offers not to exceed ₹40 crores of the total buyback offer size. Pennar Industries Buyback Acceptance Ratio will be around (To be updated soon).
Pennar Industries Buyback Acceptance Ratio (Estimated)
The investor should buy around 4000 shares at a current market price of ₹36.50 (As of 15 March 2022). The calculation will be Rs.2,00,000 / 50 buyback price = 4000 shares.
|Acceptance Ratio||Investment||Shares Buyback||Profit
Pennar Industries Financial Report
|₹ in Crores|
Pennar Industries Buyback Eligibility & How to Apply
The investors are eligible for the buyback scheme who have Pennar Industries shares in their Demat account as the record date is not fixed as it’s an open market offer. Investors can participate in the Pennar Industries Buyback 2022 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under the Pennar Industries buyback scheme. The investors can participate in buyback via physical form or via your broker or Demat account by placing an order.
Pennar Industries Buyback Registrar
KFintech Private Limited
KFintech, Tower-B, Plot No 31 & 32,
Financial District, Nanakramguda, Gachibowli,
Hyderabad, Telangana India – 500 032.
Phone: 04067162222, 04079611000
Pennar Industries Buyback Lead Managers
- Finshore Management Services Limited
Pennar Industries Company Address
Pennar Industries Limited
3 Floor, DHFLVC Silicon Towers, Kondapur,
Hyderabad – 500 084
Phone: +91 40 41923108
Pennar Industries Buyback 2022 FAQs
Pennar Industries buyback 2022 record date is Open Market Offer.
Note: If anything you want to know about the buyback offer you can refer to the Pennar Industries buyback offer documents.
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