Majesco is engaged in a provider of core platforms and technology solutions in Insurance (Life, Pensions, and General). Majesco plans to purchase 74,70,540 shares via Buyback at ₹845 per equity share for an aggregate amount not exceeding ₹1631.26 Crores. The Majesco Buyback 2020 can only be meaningful if the share price goes below Rs 800 per share.
Majesco Buyback 2020 Details & Review
|Buyback Type||Tender offer|
|Buyback Offer Amount:||₹ 631.26 Cr|
|Date of Board Meeting Approval||22 July 2020|
|Date of Public Announcement||16 September 2020|
|Buyback Offer Size||25%|
|Buyback Number of Shares||74,70,540|
|Price Type||Tender Offer|
|Buyback Price||₹ 845 Per Equity Share|
Majesco Buyback 2020 Dates
|Majesco Buyback Record Date||12 November 2020|
|Opening Date||27 November 2020|
|Closing Date||11 December 2020 (1.00 PM)|
|Obligation (Fund Payout)||15 December 2020|
|Settlement Date (Shares Payout)||16 December 2020|
|Offer Price||Rs. 845/- per share|
Majesco Financial Report
|Profit before tax||-8||6||21||103||117|
|EPS in Rs||2.99||2.17||2.24||19.07||24.09|
Majesco Buyback FAQs
What is Majesco Buyback Price?
The company has fixed the Dhanuka Agritech Buyback price at ₹845.
What is the Majesco Buyback 2020 Record Date?
The company has announced 12th November 2020 as the Record Date