Buyback corrigendum fixes price data, key terms unchanged

Buyback at over 10% premiumCorporate Actions View source PDF Explain this filing

GLOBAL · price

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Price reactionminutes from the announcement price · days from the prior close

+0.1%Reaction day

₹143.94

prior close

₹144.00

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.7%-0.6% vs market

Education peers, median of 13sector+0.5%-0.4% vs sector

On the reaction day the stock moved 0.6 pts less than Nifty Microcap 250 and 0.4 pts less than its Education peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.3

10m

-0.6

15m

-0.8

30m

-0.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+0.1+0.7-0.6+0.5-0.4

Next day

+1.2-1.0+2.2+0.0+1.2

-0.9-0.3-0.7+0.5-1.5

-1.8-1.9+0.1-1.8+0.0

+1.8-4.5+6.3-3.9+5.7

-1.3-5.5+4.2-5.3+4.0

-2.0-7.3+5.2-4.8+2.7

15d

—————

UpDownMarket · Nifty Microcap 250Sector · Education peers, median of 13Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Global Education issued a corrigendum to its September 24 postal ballot notice for the proposed buyback, fixing clerical errors in market price data and premium calculations. The corrected closing price on Sept 23 is Rs 134.45, making the Rs 162 buyback price about 20.49% premium. Trade prices for a Midastech Ventures share purchase were also corrected. All buyback terms stay the same: Rs 162 per share, up to 14,75,000 shares, max Rs 23.90 crore. E-voting ends October 27.

Likely market impact

No change to buyback terms; only price data corrections. Buyback still offers about 20% premium over market.