Symphony Buyback Record Date 2024, Important Dates, Buyback Details, Acceptance Ratios, More
Symphony Buyback Record Date 2024 is August 21, 2024, and on this Symphony Buyback Record Date, eligible shareholders will have the opportunity to sell their shares back to the company at ₹2,500 per share.
by P Nandhini
Updated Aug 14, 2024
Table of Content
Symphony Buyback Record Date 2024
The record date for Symphony Limited's 2024 buyback is August 21, 2024. This is the date when the company will check which shareholders are eligible to participate in the buyback. Shareholders who own Symphony shares on this date will have the chance to sell their shares back to the company at the buyback price of ₹2,500 per share.
| Event | Date |
|---|---|
| Buyback Announcement Date | August 6, 2024 |
| Record Date | August 21, 2024 |
| Last Date to Buy Shares | August 20, 2024 |
| Buyback Opens On | TBD |
| Buyback Closes On | TBD |
| Finalization of Buyback Acceptance | TBD |
| Last Date for Settlement of Bids | TBD |
| Last Date for Extinguishment of Shares | TBD |
Symphony Financial Performance
Symphony Limited has shown notable financial performance in recent years, with its revenue and profit figures reflecting its ongoing market activities and strategies. The company’s revenue and profit have fluctuated, highlighting both growth and challenges within the industry.
Here's a summary of Symphony's financial performance over the past few years:
| Financial Metric | 2024 (₹ Crore) | 2023 (₹ Crore) | 2022 (₹ Crore) |
|---|---|---|---|
| Revenue | 843.94 | 930.60 | 679.18 |
| Expenses | 641.05 | 714.46 | 532.88 |
| Profit After Tax (PAT) | 153.04 | 164.80 | 110.81 |
| Net Worth | 749.01 | 880.91 | 844.81 |
| Assets | 1,217.65 | 1,403.38 | 1,367.15 |
Symphony’s 2024 Buyback Offer
Symphony Limited's 2024 buyback offer details include the number of shares being repurchased and the price at which they will be bought back. This buyback is part of the company's strategy to return surplus cash to shareholders and improve financial metrics. Below are the key details of the buyback offer:
| Detail | Information |
|---|---|
| Buyback Issue Size | 285,600 shares (0.41% of total equity) |
| Buyback Amount | ₹71.40 Crores |
| Buyback Price | ₹2,500 per share |
| Face Value | ₹2 per share |
| Listing | BSE, NSE |
| Buyback Type | Tender Offer |
| Offer Amount | ₹71.40 Crores |
Symphony Buyback Acceptance Ratio Breakdown
The Symphony Buyback Acceptance Ratio Breakdown shows the potential number of shares that could be accepted for buyback based on different investment amounts. Here is the Symphony Buyback Acceptance Ratio Breakdown as of August 2024:
| Investment Amount (₹) | Approximate Shares Bought Back | Acceptance Ratio | Profit (₹) |
|---|---|---|---|
| 114,640 | 26 | 33% | 27,742 |
| 114,640 | 40 | 50% | 58,680 |
| 114,640 | 60 | 75% | 88,020 |
| 114,640 | 80 | 100% | 117,360 |
About Symphony
Symphony Limited is a leading company in the air-cooling industry, known for being the world's largest manufacturer of air coolers. Founded in 1988 in Gujarat, India, Symphony has expanded its reach to over 60 countries. The company is famous for its innovative evaporative cooling technology, which has set new standards in the industry.
Symphony focuses on creating energy-efficient and environmentally friendly cooling solutions for residential, industrial, and commercial spaces. With a strong commitment to research and development, Symphony continues to lead in providing comfortable and affordable cooling options worldwide.
Symphony Buyback Record Date 2024 - FAQs
1. What is the Symphony Buyback Record Date 2024?
The Symphony Buyback Record Date 2024 is August 21, 2024.
2. Why is the Symphony Buyback Record Date important?
It determines which shareholders are eligible to participate in the buyback.
3. How much is Symphony paying per share in the buyback?
Symphony is buying back shares at ₹2,500 per share.
4. When was the Symphony Buyback Announcement Date?
The Symphony Buyback Announcement Date was August 6, 2024.
5. When is the last date to buy Symphony shares to be eligible for the buyback?
The last date to buy Symphony shares is August 20, 2024.
6. How many shares will Symphony buy back in 2024?
Symphony will buy back 285,600 shares.
7. On which stock exchanges is Symphony listed for the buyback?
Symphony is listed on the BSE and NSE.
8. What type of buyback is Symphony offering?
Symphony is offering a tender offer buyback.
9. What is Symphony's main goal with the 2024 buyback?
Symphony aims to return surplus cash to shareholders and improve its financial metrics.