Birlasoft Buyback 2022 description – Birlasoft offers digital and enterprise technology services. The company offers services including data analytics, digital analytics, IT Transformation, Testing, Application Management, Infrastructure and cloud technology to Banking, Manufacturing, Capital Market, Insurance, Energy and Resources, Life Science and Healthcare companies. Birlasoft has 11,900+ professionals and has a presence in the United States, United Kingdom, France, Germany, Dubai, Australia, India, and Singapore among other countries.
Birlasoft Share Buyback 2022 Details
| Buyback Dates | 11 – 26 August 2022 |
| Birlasoft Buyback Price | INR500 per share |
| Buyback Offer Size (Shares) | 7,800,000 shares |
| Buyback offer as % of total shares | 2.79% |
| Buyback Offer Size (Amount) | INR390 crore |
| Offer Type | Tender |
| Promoter Participation | No |
| Face Value | INR2 per share |
| Listing At | BSE, NSE |
Birlasoft Buyback Dates (Timeline)
| Board Meeting for Buyback Proposal | 23 May 2022 |
| Buyback Approval Date | 23 May 2022 |
| Public Announcement of Buyback | 5 July 2022 |
| Birlasoft Buyback Record Date | 15 July 2022 |
| Buyback Opening Date | 11 August 2022 |
| Buyback Closing Date | 26 August 2022 |
| Cut-off Date to receive completed tender forms by Registrar | 26 August 2022 |
| Verification Date by the Registrar | 26 August 2022 |
| Return of unaccepted shares by Registrar | 7 September 2022 |
| Extinguishment of accepted shares | 14 September 2022 |
Birlasoft Buyback 2022 Documents
Offer Letter
Draft Letter of Offer
Public Announcement
Upcoming Share Buyback
Birlasoft Share Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR2 Lakh on record date) | 26/557 | 4.67 |
| General category (for all other Eligible Shareholders) | 26/557 | 4.67 |
Small Shareholder is defined as shareholder who holds shares worth less than INR2,00,000 as on record date.
Birlasoft’s Financial Performance
| FY2020 | FY2021 | FY2022 | |
| Total Income | 1,462.2 | 1,640.5 | 2,049.4 |
| Total Expenses | 1,205.0 | 1,295.3 | 1,658.2 |
| Net income | 140.75 | 193.6 | 296.0 |
Calculation of Investment in Buyback
| Maximum market value of a share holder as on record date | INR2,00,000 |
| Buyback price | INR500 |
| Maximum shares for small shareholder (2,00,000/500) | 400 shares* |
| Closing price of stock as on 23 May 2022 | INR378.25** |
| Maximum amount invested in buyback (378.25 x 400 shares) | INR1,51,300 |
** For simplicity, we have considered price on buyback approval date
Birlasoft Buyback Profit Guidance
| Shares Tendered | Buyback Entitlement | Acceptance | Buyback Profit | Profit in % |
| 400 | 19 | 19 (100%) | 2,313 | 1.53 |
| 400 | 19 | 38 (200%) | 4,626 | 3.06 |
| 400 | 19 | 57 (300%) | 6,940 | 4.59 |
Registrar of Birlasoft Stock Buyback 2022
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone:Â +91 22 4918 6200Â
Email:Â [email protected]
Website:Â www.linkintime.co.in
Manager of Birlasoft Share Buyback 2022
Birlasoft Limited
35 & 36, Rajiv Gandhi Infotech Park,
Phase-I. MIDC, Hinjawadi,
Pune (MH) 411057,
Phone: +91 20 6652 5000
Email: [email protected]
Website: www.birlasoft.com
Necessity of the Buyback
- The buy-back gives an option to the equity shareholders to either participate in the buy-back and receive cash in lieu of Equity Shares accepted under the buy-back.
- The buy-back helps to return surplus cash to its shareholders, in proportion to their shareholding, thereby, enhancing the overall returns to shareholders.
- The buy-back would help in improving Earning per share (EPS), Return on asset (ROA) and Return on equity (ROE) ratios of the Company.
- The buy-back, which is being implemented through the Tender Offer route as prescribed under the Buyback Regulations, would involve a reservation for small shareholders as defined in the Buy-back Regulations.
Process to Participate in Birlasoft Share Buyback
All eligible Shareholders of the Company who own Physical Shares or Demat Shares on the Record Date may participate in the buyback offer through their Stock Broker. The eligible shareholder who holds the shares in Demat form must notify their broker of the details of the Equity shares that they wish to tender in the Buyback Offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholder who owns the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Frequently Asked Questions
When does Birlasoft share buyback offer open?
Birlasoft share buyback opens on 11 August 2022 and closes on 26 August 2022.
Which type of buyback is Birlasoft buyback offer?
Birlasoft Buyback is a tender offer.
What is the Birlasoft stock buyback price?
Birlasoft stock buyback price is INR500 per share.
What is the Birlasoft buyback record date?
Birlasoft buyback record date is 15 July 2022.
