BSE Buyback 2023 Record Date, Buyback Price, Entitlement Ratio

BSE Buyback 2023

BSE Buyback 2023 description – Established in 1875, BSE (formerly known as Bombay Stock Exchange), is Asia’s first & Fastest Stock Exchange in the world with a speed of 6 microseconds and one of India’s leading exchange groups. Over the past 143 years, BSE has facilitated the growth of the Indian corporate sector by providing it with an efficient capital-raising platform. Popularly known as BSE, the bourse was established as ‘The Native Share & Stock Brokers’ Association’ in 1875. In 2017 BSE become the 1st listed stock exchange of India.

BSE Limited is the functionary of the BSE Exchange, regarded as India’s largest stock exchange by the number of companies listed. Over 5000 companies are listed on BSE, the highest in any exchange around the world.

Equity, debt instruments, derivatives, mutual funds, and SME equity are all traded on the BSE. Risk management, clearing, settlement, market data services, IT services and solutions, licensing index products like the S&P BSE SENSEX, and financial & capital markets training are additional services provided by BSE.

BSE Buyback

BSE Share Buyback 2023 Details

BSE Buyback Dates21 – 27 Sep 2023
BSE Buyback Price INR 1,080 per share
(Revised from INR 816 per share)
Market Price on Buyback ApprovalINR 1,126.15 per share on 1 Sep
Buyback Premium on Market PriceNA
Buyback Offer Size (Shares)34,70,370 shares
Buyback Offer Size (Amount)INR 374.80 crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 2 per share
Listing AtNSE

BSE Buyback Dates (Timeline)

Board Meeting Intimation for Buyback Proposal3 July 2023
Buyback Approval Date6 July 2023
Public Announcement of Buyback4 September 2023
BSE Buyback Record Date14 September 2023
Buyback Opening Date21 September 2023
Buyback Closing Date27 September 2023
Cut-off Date to receive completed tender forms by Registrar27 September 2023
Verification Date by the Registrar29 September 2023
Return of unaccepted shares by Registrar5 October 2023
Extinguishment of accepted shares16 October 2023

BSE Buyback 2023 Documents

Letter of Offer
Public Announcement
Revised Buyback Offer Price
Board Approval
Upcoming Share Buyback
BSE Limited IPO
BSE IPO Review: Go to market with a piece of history

BSE Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)
Small Shareholders
(less than INR 2 Lakh on record date)
General category
(for all other Eligible Shareholders)

Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.

BSE Financial Performance

FY 2022FY 2023
Total Expenses600.45705.91
Net income 244.93205.65
Figures in INR crores unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Buyback price per shareINR 1,080
Maximum shares for small shareholder (2,00,000/1,080)186 shares *
Closing price of stock as on 6 July 2023INR 705.40**
Maximum amount invested in buyback (INR 705.40x 186 shares)INR 130,499
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

BSE Buyback Acceptance Ratio

Shares Tendered Buyback EntitlementAcceptance ratioBuyback ProfitProfit in %
18688 (100%)2,996.82.28
186816 (200%)5,993.64.57
186824 (300%)8,990.46.85

Registrar of BSE Buyback 2023

Coming soon

Manager of BSE Buyback 2023

Coming soon

Process to Participate in BSE Buyback

All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stockbroker. The eligible shareholders who hold the shares in demat form must notify their brokers 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 shareholders who own 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

What are BSE buyback dates?

BSE share buyback opens on 21 September 2023 and closes on 27 September 2023.

Which type of is BSE buyback offer?

BSE buyback is a tender offer.

What is the BSE buyback price?

BSE buyback price is INR 1,080 per share.

What is the BSE buyback record date?

BSE buyback record date is 14 September 2023.

How to participate in BSE share buyback?

BSE share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.


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