VLS Finance Buyback Record Date is 26 August 2024.Â
Founded in 1986, VLS Finance focuses on providing financial services, including asset management, strategic private equity investments, and arbitrage. The company has a strong net worth and has carved out an enviable niche for itself in the financial sector. VLS Finance has a diversified portfolio of strategic proprietary investments spread across sectors such as media, IT, BPO, healthcare, logistics, real estate, consumer goods, and FMCG.
The company primarily focuses on the following areas:
- Stock Broking – Primarily Catering to Group Companies and Associates
- Investment Banking – VLS Securities Subsidiary of the Company is a SEBI Registered Merchant Banker
- Proprietary Investments & Equity Research
- Corporate Consulting & Advisory Services
VLS Finance Buyback Record Date, Other Details
| VLS Finance Buyback Dates | 30 Aug – 5 Sep 2024 |
| VLS Finance Buyback Price | INR 380 per share |
| Market Price on Buyback Approval | INR 347.45 per share |
| Buyback Premium on Market Price | 9.37% |
| Buyback Offer Size (Shares) | 33,00,000 shares |
| Buyback Offer Size (Amount) | INR 125.40 crore |
| Offer Type | Tender |
| Promoter Participation | Yes |
| Face Value | INR 10 per share |
| Listing At | BSE, NSE |
VLS Finance Buyback Dates (Timeline)
| Board Meeting Intimation for Buyback Proposal | 6 August 2024 |
| Buyback Approval Date | 9 August 2024 |
| Public Announcement of Buyback | 13 August 2024 |
| VLS Finance Buyback Record Date | 26 August 2024 |
| Buyback Opening Date | 30 August 2024 |
| Buyback Closing Date | 5 September 2024 |
| Cut-off Date to receive completed tender forms by Registrar | 5 September 2024 |
| Verification Date by the Registrar | 6 September 2024 |
| Return of unaccepted shares by Registrar | 13 September 2024 |
| Extinguishment of accepted shares | 23 September 2024 |
VLS Finance Buyback 2024 Documents
Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
VLS Finance Buyback Entitlement Ratio
| Shareholder Category | Entitlement Ratio | Entitlement Ratio (in %) |
| Small Shareholders (less than INR 2 Lakh on record date) | 71/368 | 19.29 |
| General category (for all other Eligible Shareholders) | 71/368 | 19.29 |
A small shareholder is defined as a shareholder who holds shares worth less than INR 2,00,000 as of the record date.
VLS Finance Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Total Income | 232.0 | 84.0 | 407.0 |
| Total Expenses | 21.0 | 22.0 | 26.0 |
| Net Income | 210.0 | 56.0 | 324.0 |
Calculation of Investment in Buyback
| Maximum market value of a shareholder as on record date | INR 2,00,000 |
| Buyback price per share | INR 380 |
| Maximum shares for small shareholders (2,00,000/380) | shares 527* |
| The closing price of the stock as of 9 August 2024 | INR 347.45** |
| Maximum amount invested in buyback (INR 347.45 x 527 shares) | INR 1,83,106.15 |
**Â For simplicity, we have considered the price on the buyback approval date
VLS Finance Buyback Acceptance Ratio
| Shares Tendered | Buyback Entitlement | Acceptance ratio | Buyback Profit | Profit in % |
| 527 | 102 | 102 (100%) | 3,320.1 | 1.81 |
| 527 | 102 | 204 (200%) | 6,640.2 | 3.63 |
| 527 | 102 | 306 (300%) | 9,960.3 | 5.44 |
Registrar of VLS Finance Buyback 2024
RCMC SHARE REGISTRY PRIVATE LIMITED
B-25/1, Okhla Industrial Area,
Phase -2, Near Rana Motors,
New Delhi – 110020
Phone: +011-26387320
E-mail:Â [email protected]
Website: www.romedelhi.com
Manager of VLS Finance Buyback 2024
NEW BERRY CAPITALS PRIVATE LIMITED
A-602 Marathon NextGen Innova, Level 6,
Ganpatrao Kadam Marg, Lower Parel, Mumbai – 400013
Phone: 0224888446
E-mail:Â [email protected]
Website: www.newberry.in
The Process to Participate in VLS Finance 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 VLS Finance buyback dates?
VLS Finance share buyback opens on 30 August 2024 and closes on 5 September 2024.
Which type of buyback is VLS Finance’s buyback offer?
VLS Finance buyback is a tender offer.
What is the VLS Finance buyback price?
VLS Finance’s buyback price is INR 380 per share.
What is the VLS Finance buyback record date?
VLS Finance buyback record date is 26 August 2024.
How to participate in VLS Finance share buyback?
VLS Finance share buyback will be conducted through the tender process and investors who hold the shares on record date can place orders through their broker.
