HPCL Buyback Important Dates

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

Upcoming Buyback 2020

HPCL Share Holding Pattern as of SEP 2020

Stock Holding table gives a clear picture on retail investor holdings of HPCL shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in HPCL buyback under retail category which is equal to higher profit.

HPCL Buyback Price

The board of Hindustan Petroleum Corp Ltd (HPCL) on Wednesday approved share buyback worth ₹2,500 crore.

The board has approved proposal to buyback 10 crore shares, which represents 6.56% equity share, at ₹250 per share.

The buyback price is at premium of 34% to HPCL stocks’ closing price on 4 November.

On Wednesday, HPCL’s scrip on NSE closed 0.83% higher at ₹187.20.

HPCL’s standalone net profit more than doubled during the September quarter at ₹2,477 crore as against ₹1,052 crore a year ago.

However, the total income decreased to ₹62,419 crore as compared to ₹66,854 crore in September 2019.

HPCL Buyback Record Date

Tentative Record Date To Participate In HPCL Buyback is Nov 21 2020

How to Apply for HPCL Buyback?

Now if you are wondering ‘how do I apply for a buyback?’ we’ve got you covered. When it comes to share-buyback schemes, the capital market regulator has compulsorily reserved a buyback portion of 15% for retail investors who possess in-hold shares in a company worth upto ₹2 lakhs.

This percentage is also taking into account the scrip’s market value as seen on the record date of the buyback offer.

During the application process of share buyback, you will be given a tender form by the company. This form is where you enter the number of shares of that company that you wish to tender.

There is a ratio of acceptance attached to the tender form which signifies how likely the company is to accept your request for share buybacks. Different companies have different ratios for share buybacks.

Here is what you can expect in a typical tender form given by a company. There are normally three fields as follows:

1. The number of shares you hold from the said company as on the record date
2. The number of shares that fit the eligibility criteria for buybacks
3. The number of shares that one is applying for a buyback.

Apply HPCL buyback from Zerodha

Here is complete method from Zerodha

You can apply for Buybacks on Console> Portfolio> Corporate action order window

• Hover your mouse on the stock and select ‘Options’ and click on ‘Place order’
• Enter the number of shares you want to tender and click on ‘Submit’
• Buyback/Takeover/Delisting orders are collected until 6:00 PM, one trading day prior to the offer end date. Ensure to hold sufficient quantities in your demat account before closure of the offer end date. (Do not sell the shares after placing the order). Only shareholders who hold the shares as on the record date will be eligible for the corporate action.

Latest & Upcoming Buybacks 2020

Company Contact Information

Hindustan Petroleum Corp Ltd (HPCL)
Corporate Headquarters Office
Petroleum House, 17, Jamshedji Tata Road, Mumbai , Mumbai , Maharashtra , Mumbai , 400020. email – corphqo@hpcl.in
022 – 22863900

Registrar Contact Information

Link Intime India Private Limited
C-101, 1st Floor, 247 Park,
Lal Bhadur Shastri Marg, Vikhroli (West), Mumbai 400 083
Tel:+91 022 49186200
Contact Person: Mr. Sumeet Deshpande
E-mail: rites.buyback2020@linkintime.co.in

***Related Queries***

HPCL Buyback Important dates – Record Date, Buyback Start and End date. Buyback Details – Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for HPCL buyback? How can I apply in HPCL Buyback offer?

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