Tender Offer | ₹1,020.00 Crores | Listed at BSE, NSE | Mon, May 22, 2023 - Fri, Jun 2, 2023
Hinduja Global Solutions Ltd. Buyback is a tender offer for the repurchase of up to 0.60 crore equity shares at a buyback price of ₹1700 per share with a face value of ₹10 per share, aggregating to ₹1,020.00 crores.
The record date for determining eligible shareholders is Mar 6, 2023. Shareholders holding equity shares as on the record date are eligible to participate in the buyback.
The buyback opens on May 22, 2023 and closes on Jun 2, 2023, with the last date for receipt of tender forms being Jun 2, 2023.
The finalisation of buyback acceptance is expected on Jun 12, 2023, followed by settlement of bids on Jun 13, 2023.
Motilal Oswal Investment Advisors Ltd. is the Manager to the Buyback and Kfin Technologies Ltd. is the Registrar and Motilal Oswal Financial Services Limited is the Registered Broker to the Buyback.
Investors are advised to refer to the Hinduja Global Solutions Ltd. Letter of Offer for detailed information, including eligibility criteria, entitlement ratio, acceptance methodology, and tax implications.
Offer Opening Date
Mon, May 22, 2023
Offer Closing Date
Fri, Jun 2, 2023
Buyback Price
₹1700 per share
Record Date
March 6, 2023
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 1 Equity Shares out of every 3 Fully paid-up Equity Shares held on the Record Date. | 900,000.00 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 9 Fully paid-up Equity Shares held on the Record Date. | 5,100,000.00 |
| Period Ended | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|
| 31-Mar-20 | 5043.64 | 184.04 | 1731.84 | 498.96 |
| 31-Mar-21 | 5670.49 | 336.05 | 2084.87 | 292.24 |
| 31-Mar-22 | 4488.63 | -32.12 | 8229.73 | 819.18 |
| 30-Sep-22 | 2692.42 | 265.41 | 8644.78 | 638.47 |
| Amount in ₹ Crore | ||||
Hinduja Global Solutions Limited is a global leader in the customer experience lifecycle, digital transformation, and business process management. HGS combines automation, analytics, and artificial intelligence with deep domain expertise focusing on digital customer experiences, back-office processing, contact centres, and HRO solutions.
By aligning marketing, IT, and customer experience teams, the company address some of today's biggest business challenges to competitiveness and growth — labor, productivity, and technology across ten industries and three business units.
The company is a part of the multi-billion-dollar conglomerate Hinduja Group.
The company has 34 Delivery centers in 8 countries, 55+ technology partners and 750+ Digital transformation consultants.
Hinduja Global Solutions Limited has around 22k employees.
The company has a global presence in the United State Of America (USA), the United Kingdom (UK), Canada, Australia, Philipines, India and Jamaica.
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Aug-2022 | 1,661.05 | 1,275.65 | 1,464.25 |
| Sep-2022 | 1,484.50 | 1,221.00 | 1,391.98 |
| Oct-2022 | 1,331.80 | 1,207.45 | 1,272.53 |
| Month | High Price | Low Price | Average Price |
|---|---|---|---|
| Aug-2022 | 1,662.75 | 1,279.35 | 1,471.26 |
| Sep-2022 | 1,488.10 | 1,217.45 | 1,402.97 |
| Oct-2022 | 1,329.55 | 1,207.40 | 1,277.21 |
The Buyback is being undertaken with following objectives:
1. The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to the shareholders.
2. The Buyback will help in improving financial ratios like earnings per share, return on capital employed and return on equity, by reducing the equity base of the Company
Hinduja Global Solutions Ltd.
HINDUJA HOUSE, 171,
Dr. ANNIE BESANT ROAD WORLI,
MUMBAI 400018 MUMBAI
Mumbai, Maharashtra, 400018
Lead Manager(s)
Registered Broker
The Hinduja Global Solutions Buyback opens on May 22, 2023, and closes on June 2, 2023.
Last date to be eligible to participate in buyback is March 3, 2023.
The Hinduja Global Solutions Buyback is a Tender Offer.
Hinduja Global Solutions Buyback Schedule
| Buyback Opening Date | May 22, 2023 |
| Buyback Closing Date | June 2, 2023 |
| Last Date for receipt of Tender Forms | June 2, 2023 |
| Finalisation of Buyback Acceptance | June 12, 2023 |
| Last Date for settlment of bids | June 13, 2023 |
| Last Date for Extinguishment of Shares | June 20, 2023 |
The Hinduja Global Solutions Buyback is being offered at Rs ₹1700 per share.
| Category | Entitlement Ratio of Buyback | Shares Offered |
|---|---|---|
| Reserved Category for Small Shareholders | 1 Equity Shares out of every 3 Fully paid-up Equity Shares held on the Record Date. | 900,000.00 |
| General Category for all other Eligible Shareholders | 1 Equity Shares out of every 9 Fully paid-up Equity Shares held on the Record Date. | 5,100,000.00 |
The issue size of Hinduja Global Solutions Buyback is 60,00,000 equity shares at ₹1700 per share aggregating up to ₹1,020.00 Crores.
The Buyback is being undertaken with following objectives:
1. The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to the shareholders.
2. The Buyback will help in improving financial ratios like earnings per share, return on capital employed and return on equity, by reducing the equity base of the Company
All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.
The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.
The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.
The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.
The Hinduja Global Solutions Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.
