Majesco Buyback 2020 Review – Record Date, Price, And Details

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.

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Majesco Buyback 2020 Details & Review

Buyback TypeTender offer
Buyback Offer Amount:₹ 631.26 Cr
Date of Board Meeting Approval22 July 2020
Date of Public Announcement16 September 2020
Buyback Offer Size25%
Buyback Number of Shares74,70,540
Price TypeTender Offer
Face Value5
Buyback Price₹ 845 Per Equity Share

Majesco Buyback 2020 Dates

Majesco Buyback Record Date12 November 2020
Opening Date27 November 2020 
Closing Date11 December 2020 (1.00 PM)
Obligation (Fund Payout)15 December 2020
Settlement Date (Shares Payout)16 December 2020
Offer PriceRs. 845/- per share

Majesco Financial Report

Particulars(Cr)Mar-16Mar-17Mar-18Mar-19Mar-20
Sales7578268069881,040
Expenses752804784896929
Operating Profit5232292111
OPM %1%3%3%9%11%
Other Income98223442
Interest48542
Depreciation1817182034
Profit before tax-8621103117
Tax %195%-21%87%30%23%
Net Profit7565469
EPS in Rs2.992.172.2419.0724.09

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?

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The company has announced 12th November 2020 as the Record Date

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