Notice No.   20210604-1   Notice Date   04 Jun 2021
Category   Company related   Segment   Equity
Subject   Buyback of the shares of Navneet Education Limited [Scrip Code: 508989]


Trading Members are hereby informed that Navneet Education Limited [Scrip Code: 508989] has announced buyback of its fully paid-up equity shares of face value of Rs. 2/- each from the Open Market through electronic trading mechanism of the Exchange. The Maximum Buyback Price would not exceed Rs. 100/- (Rupees One hundred only) per equity share payable in cash for an aggregate amount not exceeding Rs. 50,00,00,000/- (Rupees Fifty Crores only)


1.    Proposed time table for buyback:


Date of Opening of the Buyback on BOLT

June 7, 2021

Last Date for the Buyback

Earlier of:

a. December 06, 2021 (i.e. within six months from the date of the commencement of the Buyback).

b. when the Company completes the Buyback by deploying the amount equivalent to the Maximum Buyback Size; or

c. at such earlier date as may be determined by the Board or its committee of directors, after giving notice of such earlier closure, subject to the Company having deployed an amount equivalent to the Minimum Buyback Size (even if the Maximum Buyback Size has not been reached or the Maximum Buyback Shares have not been bought back), provided, that all payment obligations relating to the Buyback shall be completed before the last date for the Buyback.


2.    Broker Members for buyback:


The company has appointed the following BSE Trading Members through whom the purchases and settlement on account of the buyback would be made:


Name of the Member                       

Clearing No




3.    Details of Shares held in DEMAT Form.


The Trading Members may note that the Equity Shares held in DEMAT form can be offered for Buyback to the Company in rolling settlement, as per details mentioned below:


Scrip Code No.                                   : 508989

Market Lot                                           : 1 Share

Scrip ID on BOLT System                  : NAVNETEDUL*


4.    Circuit Filters, Margins, Capital Adequacy Norms, Auction, Close out, Bad Delivery, Arbitration, etc. are applicable in case of buyback as in the case of the normal trading.


5.    Institutional Investors are allowed to participate in the buyback.


6.    Please note that, settlement will be with normal equity cash segment trades and market type for delivery will be “Normal” equity cash segment


7.    The documents are available in Department of Corporate Services for inspection. In case of any queries /clarifications on the scheme of buyback, Trading Members may please contact the under mentioned persons:


  • Merchant Banker to the Buyback:

Name: Inga Ventures Private Limited

Address : 1229, Hubtown Solaris, N.S. Phadke Marg, Opp. Telli Galli,

Andheri (E) - 400 069, Mumbai, Maharashtra, India

Tel: +91 22 2681 6003, 9820276170

Fax: +91 22 2681 6020


Investor Grievance Email:

Contact Person: Kavita Shah


SEBI Registration No.: INM000012698

Validity Period : Permanent

CIN: U67100MH2018PTC318359


  • At the Company:

           Name : Amit Buch

Tel. No. : +91 22 6662 6565

Fax No. : +91 22 6662 6470

Website :

Email ID :


·         At the Exchange:

Clearing & Settlement Department -

Mr. Nilesh Shah/Ajay Darji - Extn: 022-22728468/5163/5628/8223/5784

Email Id:


Trading Department -

Trading Operations - Extn: 022-2272- 8376 (For Trading Related)


Help desk - Extn: 61363100 (Hunting) (For BOLT System)


Listing Operations Department –

Mr. Raghavendra Bhat - Extn: 022-2272-8915/8995 (For General Queries)



Rupal Khandelwal

Senior Manager

June 4, 2021