New Delhi. Over the years, the stock market has produced many multibagger stocks. One of these is the multibagger stock of SP Apparels. After a long hike, now the share price of the company has increased from Rs 70 to Rs 360. That is, during the last two years, the company’s share prices have seen a jump of close to 400 percent. Now the company is going to buy its shares at a premium of 60 percent. In market terms, the company is going to do a buyback.
1- What is Buyback Price – The company will pay Rs 585 per share for this buyback.
2- Date of Buyback – Buyback will be open from 3rd November 2022 to 17th November 2022.
3- What will be the buyback route – This process will be done through tender.
4- Buyback Ratio- The company will buy two shares of anyone who had 27 shares of the company till the record date. At the same time, if there are 48 shares for others, it will buyback the company’s shares.
5- What is the record date? The record date for the company’s buyback was 7 October 2022.