Quick Heal Technologies Limited Buyback 2021 Price With Record Date and Other Details

Quick Heal Technologies Limited will buyback nearly shares 63,26,530 Lakhs for about Rs.155 Crore. In a filing to the stock exchanges, Quick Heal Technologies Limited said it will buyback percent of the fully paid-up equity shares at a price of Rs.245/- per share.
The board of directors of Quick Heal Technologies Limited approved the proposal to buyback of not exceeding 63,26,530 Lakhs equity shares of face value of Rs 10 each of the company (representing 9.85% percent of the total number of fully paid-up equity shares in the paid-up share capital of the company) at a price of Rs.245/- per equity for an aggregate consideration not exceeding Rs 155 crore,” it said.

    Quick Heal Technologies buyback

    Quick Heal Technologies Limited Buyback 2021 Offer Details:

    Buyback Type: Tendor Offer
    Buyback Record Date: 03 May 2021
    Buyback Offer Amount: ₹ 155 Crore
    Date of Board Meeting approving the proposal: Mar 10 2021
    Date of Public Announcement: Apr 19 2021
    Buyback Offer Size: 09.85%
    Buyback Number of shares: 63,26,530
    Price Type: Tendor Offer
    FV: Rs. 10
    Maximum Buyback Price: ₹ 245 Per Equity Share

    Quick Heal Technologies Limited buyback of 63,26,530 Lakhs equity shares which is around 09.85of all the existing number of equity shares at a price of ₹245 per equity share. The buyback offer not exceeding of ₹155 crore of total buyback offer size.

    Quick Heal Technologies Limited Buyback Important Dates

    In this section we have covered all important dates related to “Quick Heal Technologies Limited Buyback Date”. Dates are updated as they are announced. The most noted dates are Quick Heal Technologies Limited record date and Quick Heal Technologies Limited buyback open and close dates, which one should use to participate in buyback.

    Buyback Activity Date
    Board Meeting for Quick Heal Buyback proposal 10.03.2021
    Quick Heal Buyback Approval date 10.03.2021
    Public Announcement of Quick Heal Buyback 22.04.2021
    Quick Heal Buyback Record Date 03.05.2021
    Quick Heal Buyback opens on/Buyback Opening Date 31.05.2021
    Quick Heal Buyback closes on/Buyback Closing Date 11.06.2021
    Cut-off date to receive completed tender forms by Registrar 15.06.2021
    Cut-off date for verification by the Registrar 21.06.2021
    Cut-off date to inform Stock Exchange on acceptance or
    non-acceptance of tendered Equity Shares by Registrar
    Last date of settlement of bids on the stock exchange 22.06.2021
    Last date to return unaccepted shares by Registrar 22.06.2021
    Last date of extinguishment of Equity Shares 29.06.2021

    Note: If anything you want to know about the buyback offer you can refer the Quick Heal Technologies Limited buyback offer documents. Click Here


    How to Participate in Quick Heal Technologies Limited buyback?

    1. Firstly, to be eligible for the buyback the investor should have shares of Quick Heal Technologies Limited in demat or physical form as on record date (not announced)
    2. Once you have shares in demat, you can participate in the buyback process which is opening from [Not Announced], by selling your shares through your broker on NSE or BSE.
    3. Then on [Not Announced] the payment will be given to you for accepted shares and unaccepted shares will be returned to your demat account.
    Checkout Current Quick Heal Technologies Limited Shares market price on NSE and BSE: Quick Heal Technologies Limited

    The Quick Heal Technologies Limited approved a proposal for buyback of up to  63,25,530 Lakh fully paid-up Equity Shares of the Company of face value Rs. 10 each, being 09.85% of the total issued and paid-up equity share capital of the Company as per the audited consolidated and standalone condensed interim financial statements (“Audited Condensed Interim Financial Statements”) as on 31.03.2020, for an aggregate amount not exceeding Rs. 155 Cr, which is not exceeding 25% of the aggregate of the total issued and paid-up equity share capital and free reserves as per the Audited Condensed Interim Financial Statements of the Company as at and for the period as on 31.03.2020 at Rs. 245 per share via ” Tender Route”.


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    About Quick Heal Technologies Limited :

    Quick Heal Technologies Ltd. (Formerly Known as Quick Heal Technologies Pvt. Ltd.) is one of the leading IT security solutions company. Each Quick Heal product is designed to simplify IT security management across the length and depth of devices and on multiple platforms. They are customized to suit consumers, small businesses, Government establishments and corporate houses.
    Over a span of 25 years the company’s R&D has focused on computer and network security solutions. The current portfolio of cloud-based security and advanced machine learning enabled solutions stop threats, attacks and malicious traffic before it strikes.

    NECESSITY OF BUYBACK By Quick Heal Technologies Limited

    The Buyback is being undertaken by the Company after taking into account the operational and strategic cash requirements of the Company in the medium term and for returning surplus funds to the Shareholders in an effective and efficient manner. The Buyback is being undertaken for the following reasons:    
    (i)    The Buyback will help the Company to distribute surplus cash to its Shareholders holding Equity Shares thereby enhancing the overall return for them;   
    (ii)    The Buyback, which is being implemented through the tender offer route as prescribed under the Buyback Regulations, would involve a reservation of up to 15% of the Equity Shares, which the Company proposes to buyback, for small shareholders or the actual number of Equity Shares entitled as per the shareholding of small shareholders on the Record Date, whichever is higher. The Company believes that this reservation for small shareholders would benefit a significant number of the Company’s public shareholders, who would be classified as “Small Shareholders”;     
    (iii)    The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base of the Company, thereby leading to long term increase in shareholders’ value; and     
    (iv)    The Buyback gives an option to the Eligible Shareholders to either (A) participate in the Buyback and receive cash in lieu of their Equity Shares which are accepted under the Buyback, or (B) not to participate in the Buyback and get a resultant increase in their percentage shareholding in the Company post the Buyback, without additional investment.

    Company Contact Information

    S-8, S-9, IInd Floor, 
    Centra Mall, Plot No. 177/D, 
    Tribune Colony, Industrial Area Phase I, 
    Chandigarh, 160002

    Quick Heal Technologies Limited Buyback 2021 FAQs:

    When is Quick Heal Technologies Limited Record Date?
    Quick Heal Technologies Limited buyback 2021 record date is 03-May-2021.

    When is Quick Heal Technologies Limited Buyback announcement Date?
    Quick Heal Technologies Limited buyback 2021 announcement Date is 19-Apr-2021.

    What is Quick Heal Technologies Limited Buyback Price?
    The company has fixed the maximum price of ₹245

    How to apply for Quick Heal Technologies Limited Buyback 2021?
    As per the record date you need to have Aarti drugs Limited shares in your demat account. You can participate in buyback after having the stock in your account.

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