Anand Rathi of ₹164.65 crores authorized via the board of administrators on the assembly used to be hung on April 12, 2024. Anand Rathi will probably be completed by the use of the Tender Offer course throughout the inventory change mechanism. The board of administrators of the corporate authorized the buyback via the Company of its totally paid-up fairness stocks having a face price of ₹5 every fairness proportion at a worth of ₹4450 consistent with Equity Share and for an mixture quantity no longer exceeding ₹164.65 crores from the shareholders. Check out Anand Rathi Buyback 2024 main points underneath:
Anand Rathi Wealth Limited is amongst India’s main non-bank wealth answers companies, catering to excessive and ultra-high-net-worth people. The Company has developed into offering smartly outlined straight forward wealth answers to our shoppers. The Anand Rathi team got here into lifestyles shut at the heels of financial liberalization. To channel the newfound hope and fiscal optimism into tangible effects, Mr Anand Rathi and Mr Pradeep Kumar Gupta laid the basis of the Anand Rathi Group in 1994. Their efficiency all over the previous few years has helped their shoppers succeed in their wealth goals. In addition to Private Wealth Vertical (PW), the Company has two new-age technology-led trade verticals i.e., Digital Wealth (DW) and Omni Financial Advisors (OFA). DW trade is a fin-tech extension of the Company’s proposition for the mass prosperous section with wealth answers delivered via a mix of human interface empowered with know-how.
Anand Rathi History
Anand Rathi Buyback 2024 Dates
Buyback Meeting Date: | April 12, 2024 |
Buyback Announcement Date: | April 12, 2024 |
Buyback Record Date: | 2024 |
Last Date to Buy Shares: | 2024 |
Buyback Open Date: | 2024 |
Buyback Close Date: | 2024 |
Finalization of Buyback Acceptance: | 2024 |
Anand Rathi Buyback 2024 Offer Details
Anand Rathi of 370,000 fairness stocks at a value of ₹4450 consistent with fairness proportion. The buyback provides to not exceed ₹164.65 crores of the full buyback be offering dimension.
Offer Amount: | ₹164.65 Crores |
Number of Shares: | 370,000 Equity Shares |
Face Value: | ₹5 consistent with fairness proportion |
Buyback Price: | ₹4450 consistent with fairness proportion |
Listing: | BSE, NSE |
Buyback Type: | Tender Offer |
Letter of Offer: | Click Here |
Anand Rathi Buyback 2024 Acceptance Ratio
The investor must purchase round 45 stocks at a present marketplace worth of ₹4050 (as of date). The calculation will probably be ₹2,00,000 / ₹4450 buyback worth = 45 stocks.
Acceptance Ratio | Investment | Shares Buyback | Profit |
33% | ₹182250 | 15 | ₹6000 |
50% | ₹182250 | 22 | ₹8800 |
75% | ₹182250 | 34 | ₹13600 |
100% | ₹182250 | 45 | ₹18000 |
Anand Rathi Financial Report
₹ in Crores | |||
Year | Revenue | Expense | PAT |
2021 | ₹260 | ₹185 | ₹44 |
2022 | ₹408 | ₹230 | ₹125 |
2023 | ₹538 | ₹296 | ₹168 |
How to Participate in Anand Rathi Buyback 2024
The traders are eligible for the buyback scheme who’ve Anand Rathi stocks of their Demat Account because the Record Date. Eligible Share Holders can take part within the Anand Rathi Buyback 2024 scheme as consistent with the outlet shape via promoting their stocks. The cost will probably be given as consistent with the Shervani Industrial Syndicateepted stocks via the corporate beneath the Anand Rathi scheme.
Anand Rathi Buyback 2024 Registrar
To be up to date quickly
Anand Rathi Buyback 2024 Lead Managers
Anand Rathi Company Address
Anand Rathi Wealth Limited
Floor No. 10, A Wing, Express Zone
Western Express Highway
Goregaon (E), Mumbai-400 063
Phone: 022 6281 7000
Email: [email protected]
Website: https://www.anandrathiwealth.in/
How to Apply the Anand Rathi via Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Anand Rathi”. Click on Place Order. Enter your Quantity and post Anand Rathi Application Form.
How to Apply the Anand Rathi via Upstox?
Log in to Upstox Application along with your credentials. Select the Anand Rathi. You will see the Company Name “Anand Rathi”. Click on Anand Rathi Stock for Buyback. Enter your Quantity and post Anand Rathi Application Form.
How to Apply the Anand Rathi via Anand Rathi Paytm Money?
Log in to Paytm Money Application along with your credentials. Select the Anand Rathi. Enter your Quantity and post Anand Rathi Application Form.
Anand Rathi Buyback 2024 FAQs
When is Anand Rathi Buyback 2024 Record Date?
Anand Rathi Buyback 2024 report date is TBA.
When is Anand Rathi Buyback 2024 Open Date?
What is Anand Rathi Buyback 2024 Price?
How to use for Anand Rathi Buyback 2024?
– Source : IPOWATCH