14-Aug-2023
2 mins read
Sinclairs Hotels Limited has got final approval from its board to propose a buyback offer of 15,20,000 (representing 5.6% of the total number of equity shares in the paid-up share capital of the Company) equity shares through the tender offer route. The buyback amount is Rs 30.4 Crores, and the buyback price is Rs 200 per Equity share.
Sinclairs Hotels Limited Company Profiles
Sinclairs Hotels Ltd. is a player in the hospitality industry, overseeing a series of hotels and resorts. In India, the company possesses nine properties in Ooty, Burdwan, Siliguri, Darjeeling, Kalimpong, Dooars, Port Blair, Gangtok, and Yangang.
In addition, Sinclairs provides venues suitable for hosting conferences, meetings, and seminars across these destinations. The properties consistently garner impressive ratings from travellers, commending guest comfort, service quality, culinary offerings, and conference amenities.
Important Dates for Sinclairs Hotels Limited Company
Sinclairs Hotels Buyback 2023 Detail
| Issue Period | Yet to be announced |
| Security Name | Sinclairs Hotels Limited |
| Issue Type | Tender Offer |
| Issue Size (Shares) | 1,520,000.00 |
| Issue Size (Amount) | Rs 30.40 Crores |
| Buyback Price | Rs 200 per share |
| Face Value | Rs 2 per share |
| Listing At | BSE |
Lead managers for Sinclairs Hotels Limited Buyback
The Lead manager of the Sinclairs Hotels Limited Buyback is not declared yet.
Registrar of the Sinclars Hotels Limited Buyback
Registrar of the Sinclars Hotels Limited Buyback is not declared yet.
FAQ
- What is the buyback price per share?
The buyback price per equity share is Rs 200.
- How many shares are being purchased in the buyback?
Sinclairs Hotels Limited will buy back 1,520,000 equity shares, which represents 5.6% of the total number of equity shares in the company’s paid-up share capital.
- How much is the total amount allocated for the buyback?
The total buyback amount is Rs 30.4 Crores.
- How will the buyback process take place?
The buyback will be conducted through the tender offer route. Shareholders who wish to participate can tender (offer) their shares at the buyback price of Rs 200 per share.
- What is the face value of Sinclairs Hotels Limited’s shares?
The face value of the company’s shares is Rs 2 per share.
- Is it mandatory for shareholders to participate in the buyback?
No, participation in the buyback is entirely voluntary. Shareholders can choose whether or not to tender their shares in the buyback offer