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Navneet Education Limited Buyback Details

Navneet Education Limited was founded by Gala Group in 1959; and since then has been India’s most loved educational content provider. Navneet also manufactures stationery, general books and children’s books in multiple Indian and foreign languages making it a dominant player in the field of publishing.

Navneet Education Limited is a purpose-driven organization, doing what it takes to move the needle and promulgate knowledge. The Gala Group established the brand in 1959 and since then we have been the major force in the dissemination of knowledge to the little learners of India.

Vikas, Gala, Grafalco, YOUVA, TOPClass and TOPScorer are prominent brands owned by Navneet that are much loved by students and teachers alike. In December 2016, we acquired Encyclopaedia Britannica (India) Pvt. Ltd.’s Indian curriculum division for publishing CBSE textbooks. With this acquisition, Navneet will focus on serving the regional teaching and learning needs with supplemental digital solutions. Over the decades, Navneet has emerged as the preferred brand for educational products among teachers and students. The immensely popular products like Vikas workbooks, Gala practice books, YouVa full-scapes, are hot favorites amongst the young segment of India. These products are bestsellers not just because of their superior quality but also because of the nostalgic association of 90’s kids
Navneet Education Limited Buyback Details
Date of Board Meeting for Buyback Proposal 20-08-2018
Date of Buyback Approval 20-08-2018
Date Public Announcement of Buyback 20-08-2018
Buyback Type Tender Offer
Buyback Record Date 31-08-2018
Buyback Opening Date 24-09-2018
Buyback Closing Date 08-10-2018
Buyback Amount ₹ 75 Cr
Buyback Number of Share 46,87,000
Buyback Price ₹ 160
Face Value ₹ 2
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Navneet Education Limited Profit acceptance Ratio
Buy 1250 Shares at ₹ 120 [2,00,000/160 = 1250]
Acceptance Ratio 33% 50% 75% 100%
Buy Price ₹ 120 ₹ 120 ₹ 120 ₹ 120
Amount Invested in Buyback ₹ 1,50,000 ₹ 1,50,000 ₹ 1,50,000 ₹ 1,50,000
No. of Shares buyback 413 625 938 1250
BuyBack Profit ₹ 16,520 ₹ 25,000 ₹ 37,520 ₹ 50,000
Navneet Education Limited Contact Details
Navneet Education Limited
Navneet Bhavan,
Bhavani Shankar Road,
Dadar (W). Mumbai – 400 028.
India.
Tel: +91 22 66626565
Fax: +91 22 66626470
Email : inquiry@navneet.com
Website :- http://www.navneet.com
CIN : L22200MH1984PLC034055
Registrar of Navneet Education Limited
Link Intime India Private Limited
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli (West)
Mumbai 400 083
Maharashtra,
India,
Tel: +91 22 4918 6200
Fax: +91 22 4918 6195
E-mail: aavas.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor Grievance e-mail:aavas.ipo@linkintime.co.in
Contact person: Shanti Gopalkrishnan
SEBI Registration No:- INR000004058

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