Overview
- The company plans to repurchase up to 10 crore shares at Rs 1,800 each, representing about 2.41% of paid-up equity.
- Small shareholders have a 15% reservation with an entitlement ratio of 2:11, while the general category ratio is 17:706.
- Eligibility was set on the Nov. 14 record date, with small shareholders defined as holdings worth no more than Rs 200,000 and totaling 2,585,684 investors.
- Settlement and payment to accepted tenders are scheduled for Dec. 3, with extinguishment of bought-back shares by Dec. 12.
- Promoters, including Nandan M. Nilekani and Sudha Murty, will not participate, and the promoter group holds 13.05% of equity.