SIS LIMITED has informed the Exchange regarding submission of letter of offer dated June 09, 2025, for Buyback of equity shares of the face value of INR 5/- each.
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SIS Limited has filed the Letter of Offer dated June 09, 2025 for its buyback of up to 37,12,871 equity shares (2.57% of total paid-up equity capital) at a price of ₹404 per share, for an aggregate size not exceeding ₹150 crores. The buyback is being conducted through the tender offer route on a proportionate basis via the stock exchange mechanism. The record date was June 06, 2025, the buyback opens on June 12, 2025 and closes on June 18, 2025, with settlement on June 25, 2025 and extinguishment of shares by July 04, 2025. Small shareholders (holding up to ₹2 lakh) are reserved 117 shares for every 535 held, while general category shareholders are entitled to 1 share for every 45 held.
Eligible shareholders as on the record date (June 06, 2025) can tender shares at ₹404 each in cash, with payment by June 25, 2025. The buyback is relatively modest at 2.57% of equity, so price support may be limited, but it signals management's view that shares are fairly valued or undervalued at this level.