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CL Educate Buyback 2022 Date, Record Date, Price & Acceptance Ratio

Written by on May 24, 2022

CL Educate buyback 2022 is to open on May 27, 2022. CL Educate buyback record date is not set as its an Open Market Offer. The investor should buy the CL Educate shares on or before the record date to get eligibility for the buyback. Check out CL Educate Share Buyback 2022 details below:

CL Educate Buyback 2022 Dates

 Buyback Meeting Date:  May 23, 2022
 Buyback Announcement Date:  May 23, 2022
 Buyback Record Date:  Open Market
 Buyback Open Date:  May 27, 2022
 Buyback Close Date:  Nov 06, 2022
 Finalization of Buyback Acceptance:  

CL Educate Buyback 2022 Offer Details

CL Educate buyback of 5,88,235 equity shares at a price of ₹170 per equity share. The buyback offers not to exceed ₹10 crores of the total buyback offer size.

 Offer Amount:  ₹10 Crores
 Number of Shares:  5,88,235 Equity Shares
 Face Value:  ₹5 per equity share
 Buyback Price:  ₹170 per equity share
 Listing:  BSE & NSE
 Buyback Type:  Open Market Offer
 Letter of Offer:  Click Here

About Company – CL Educate

CL Educate Ltd provides its services in the education sector to cater to multiple age groups. They provide services in four verticals that are Consumer Test Preparation, Consumer Publishing, Enterprise Corporate, and Enterprise Institutional. They offer services like competitive test preparation (MBA, Law, Banking, Staff Selection Commission (SSC) courses for Engineering, Medical, Civil Services, Grade VIII-XII Tuitions, International Education (GRE/GMAT), non-test preparation courses (CFA, Data Science, etc.). They offer services to corporates that are Experiential Marketing and Event Management Solutions (Virtual Events Platform – VEP), Digital & MarComm. Services, Customized Engagement Programs (CEPs), Manpower Management & Training Services, Strategic Business Solutions. They have 200 test-prep centers spread across 100 cities in India as of August 2021. They also operate test-prep centers in the UAE.

CL Educate Buyback 2022 Acceptance Ratio

The investor should buy around 1176 shares at a current market price of ₹123 (as of 24 May 2022). The calculation will be ₹2,00,000 / ₹170 buyback price = 1176 shares.

Acceptance Ratio Investment Shares Buyback Profit
33% ₹144705 388 ₹18247
50% ₹144705 588 27647
75% ₹144705 882 ₹41470
100% ₹144705 1176 ₹55294

CL Educate Financial Report

  ₹ in Crores
Year Revenue Expense PAT
2020 ₹178 ₹219 -₹53
2021 ₹108 ₹108 -₹5
2022 ₹205 ₹185 ₹9

CL Educate Buyback 2022 Eligible Share Holders

The investors are eligible for the buyback scheme who have CL Educate shares in their Demat account as the record date is Open Market Offer. Investors can participate in the CL Educate Buyback 2022 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under the CL Educate buyback scheme.

CL Educate Buyback 2022 Registrar

KFin Technologies Limited

KFintech, Tower-B, Plot No 31 & 32,

Financial District, Nanakramguda, Gachibowli,

Hyderabad, Telangana India – 500 032.

Phone: 04067162222, 04079611000

Email: [email protected]

Website: https://karisma.kfintech.com/

CL Educate Buyback 2022 Lead Managers

  • V B Desai Financial Services Limited

CL Educate Company Address

CL Educate Limited

Plot No. 9A,

Sector – 27A, Mathura Road,

Faridabad, Haryana, 121003

Phone: +91-011-41281100

Email: [email protected]

Website: http://www.cleducate.com/

CL Educate Buyback 2022 FAQs

When is CL Educate Buyback 2022 Record Date?

CL Educate buyback 2022 record date is Open Market Offer.

When is CL Educate Buyback 2022 Open Date?

CL Educate buyback 2022 open date is May 27, 2022.

What is CL Educate Buyback 2022 Price?

The company has fixed the price at ₹170 per share.

How to apply for CL Educate Buyback 2022?

As per the record date you need to have CL Educate shares in your Demat account. You can participate in buyback after having the stock in your account.

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