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May 22, 2023 - June 2, 2023

Hinduja Global Solutions Limited Buyback (Hinduja Global Solutions Buyback) Detail

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.

Hinduja Global Solutions Buyback Detail

Issue PeriodMay 22, 2023 - June 2, 2023
Security NameHinduja Global Solutions Limited
Issue TypeTender Offer
Issue Size (Shares)6,000,000
Issue Size (Amount)₹1,020.00 Crores
Buyback Price₹1700 per share
Face Value₹10 per share
Listing AtBSE, NSE

Hinduja Global Solutions Buyback Issue Timetable

Last Date to buy sharesMarch 3, 2023
Record DateMarch 6, 2023
Offer Opens OnMay 22, 2023
Last Date for receipt of Tender FormsJune 2, 2023
Offer Closes On *June 2, 2023
Finalisation of Buyback AcceptanceJune 12, 2023
Last Date for settlment of bidsJune 13, 2023
Last Date for Extinguishment of SharesJune 20, 2023

Buyback Ratio

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 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 Shareholders1 Equity Shares out of every 9 Fully paid-up Equity Shares held on the Record Date.5,100,000.00

Company Financials

Hinduja Global Solutions Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-205043.64184.041731.84498.96
31-Mar-215670.49336.052084.87292.24
31-Mar-224488.63-32.128229.73819.18
30-Sep-222692.42265.418644.78638.47
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

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

Stock price at NSE (in preceding 3 months)

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

Necessity of the Issue

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 Buyback Documents

Hinduja Global Solutions Buyback Rating

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Rating:Rated 3.7 stars
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Company Contact Information

Hinduja Global Solutions Limited
HINDUJA HOUSE, 171,
Dr. ANNIE BESANT ROAD WORLI,
MUMBAI 400018 MUMBAI

Phone: 91-22-2496-0707
Email: investor.relations@teamhgs.com
Website: http://www.hgs.cx/

Hinduja Global Solutions Buyback Registrar

  1. Kfin Technologies Limited
       KFintech, Tower-B, Plot No 31 & 32,
       Financial District, Nanakramguda, Gachibowli,
       Hyderabad, Telangana India - 500 032.

    Phone: 04067162222, 04079611000
    Email: hgsl.buyback@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

Hinduja Global Solutions Buyback Manager

Lead Manager(s)

  1. Motilal Oswal Investment Advisors Limited

Registered Broker

  1. Motilal Oswal Financial Services Limited
    Email: ksharma@motilaloswal.com

Find Hinduja Global Solutions Buyback Latest Update

Hinduja Global Solutions Buyback FAQs

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 DateMay 22, 2023
Buyback Closing DateJune 2, 2023
Last Date for receipt of Tender FormsJune 2, 2023
Finalisation of Buyback AcceptanceJune 12, 2023
Last Date for settlment of bidsJune 13, 2023
Last Date for Extinguishment of SharesJune 20, 2023

The Hinduja Global Solutions Buyback is being offered at Rs ₹1700 per share per equity share.

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 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 Shareholders1 Equity Shares out of every 9 Fully paid-up Equity Shares held on the Record Date.5,100,000.00

The record date for the Hinduja Global Solutions Buyback is March 6, 2023.

The issue size of Hinduja Global Solutions Buyback is of 6,000,000 equity shares at ₹1700 per share aggregating upto ₹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.


48 Comments

8. vinod banga   I Like It. 1|  Link|April 15, 2023 3:17:51 PM
waitng waiting
hgs management testing the patience of investors ,one of the most boring stock of smallcap segment in nse and bse. why management is not taking decisions fast .they have no interest of increasing the value of share ,they have only interest of increasing loans of money TO PROMOTORS(whis is gained 6100 cr by selling of healthcare verdict to baring company)
8.1. drskbajaj     Link|April 17, 2023 9:55:24 AM
The management cant do much. The issue is still to receive green light from SEBI. Only thereafter it will come to the market
7. sravan garge     Link|April 12, 2023 12:08:58 PM
when when when
buyback buyback buyback
one and half year onwards waiting .
company gained for selling health care but what about investors .
what information sending hgs company to investors ,losing faith about the company. BORING STOCK OF DECADE
6. CHOWDARY     Link|April 11, 2023 10:45:05 AM
WOREST MANAGEMENT , THEY WON'T CARE ABOUT INVESTERS . INVESTORS ARE LOSING MONEY BY INVSTING THESE TYPE OF COMPANIES.
6.1. Wannabe Value Investor     Link|April 12, 2023 11:53:15 AM
Watching uninformed, opinionated rude and arrogant 'investors' burn give me a perverse sense of pleasure.
6.2. ram pandit     Link|April 12, 2023 11:57:23 AM
yes it is real , about 6100 cr gained after 20% of hgs health care selling but investers got 150/share remaining amount loans for the promoter.
bonus share is also not helped for investers .
just promoters are gained by this company.
now buyback it is a tragedy of present situation ,one year onwards investors are waiting there is no concern about retail investors who are holding from last years.
this will give very bad opinion about the company.
5. Divyam     Link|April 3, 2023 9:49:41 AM
It is fishy that many people giveing opinion to sell but why just because stock fall. Company had just acquire company teklink in march 1 for 5.8 milliom usd. That simply means that company might in cash crunch and that's the reason behind delay in buyback. Even they have paid dividend. Only trust official bse and nse notification given on their official website thank you
5.1. Wannabe Value Investor     Link|April 3, 2023 1:20:35 PM
Very suspicious. Look at post #5. He posted a link to a malicious website.
5.2. Divyam     Link|April 4, 2023 1:13:19 PM
Yass i had clicked on that. It seems fake it is better to hold the shares tight. I think they want to decrease the competition for buyback😅😅
4. Abirath Banarjee     Link|March 25, 2023 2:07:33 PM
Worst Buyback In NSE history
It will be called off(cancelled) due to high dilution already, we have seen such corporate governance before too, its my humble opinion sell the stock if you've purchased because soon this news will be public and it will crash to 800 levels. As of now the fibonacci retracement and my other macro economic scales are showing a crash is near. We don't deserve this treatment and hence Im taking short positions on monday so i can make the money I lost due to mismanagement by HGS.
4.6. Wannabe Value Investor     Link|March 29, 2023 10:37:09 AM
Hope you're having fun today. And I hope you have even more fun in the near future.
4.7. Wannabe Value Investor     Link|April 3, 2023 1:20:03 PM
Was the acquisition of 58.8M all cash, all stock , or a mixture of both?
3. Divyam bhatt   I Like It. 1|  Link|March 29, 2023 9:40:38 AM
Do not belive other news except offical news. And hold tight
2. bAAz     Link|March 23, 2023 8:30:05 PM
No news ?
1. KAMMA SIVA RAMA KRISHNA     Link|December 31, 2022 2:11:10 PM
Particulars of the buyback of the shares of WELSPUN ENTERPRISES :

CMP : Around Rs.166.30
Buyback Price: Rs.200/-
Buyback Size: 1,17,50,000 shares i.e., 14.22% of the total paid up equity capital.
Buyback Mode: Tender Offer Route
Record Date: 11/01/2023 (for dividend, of Rs.7.50 per share, purpose only or for both buyback and dividend purpose it is not so clear )
All the best to all of you. Thank you.
1.28. Kousik Chakravarti     Link|March 11, 2023 3:06:42 PM
@rahulbajaaj

Any reduction in buyback offer price can affect symphony price action.Post getting shareholders approval they will announce record date.If record date is very near price can go high.If record date is far way we might see some consolidation.Remember symphony is a seasonal stock.1040 was a very good level to buy symphony.Hoping to buy near
that level.

Disappointing buyback price announced by ajanta pharma and unfortunately it is the final price.Stock fell initially but then recovered due to market recovery and record date announcement I think.Hoping to buy it @1160-1180.

Hope we see some symphony like buyback in near future where profit margin is pretty healthy.
1.29. rahulbajaaj     Link|March 11, 2023 5:15:42 PM
@Koushik Chakravarti
👍👍👍

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