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ACC Limited Buyback vs Suraj Limited Buyback

Comparison between ACC Limited Buyback and Suraj Limited Buyback.

Buyback Details

ACC Limited Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Suraj Limited Buyback is a Tender Offer proposed to list at BSE.

 ACC Ltd.Suraj Ltd.
LogoACC Limited Buyback LogoSuraj Limited Buyback Logo
Type of BuybackOpen Market Through Stock ExchangeTender Offer
Listing AtBSE, NSEBSE
Face Value₹10 per share₹10 per share
Buyback Price₹2300 per share₹77 per share
Issue Size9,00,000 shares
Issue Size (Amount)₹11,259.98 Crores₹6.93 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 184 Equity Share out of every 813 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 37 Equity Shares out of every 663 Fully paid-up Equity Shares held on the Record Date.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Lead ManagersDeutsche Equities India Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
Necessity of the buyback

The buyback is being undertaken for the following reasons:

  1. The Buyback will help the Company to distribute a part of the surplus cash to its shareholders holding Equity Shares thereby, optimizing returns to the shareholders and enhancing the overall shareholders' value in longer term and improving the return on equity.
  2. The Buyback is being undertaken, inter alia, for helping the Company to return surplus cash to the Eligible Shareholders broadly in proportion to their shareholding, thereby, enhancing the overall return to the Equity Shareholders.

Buyback Timetable

ACC Limited Buyback and Suraj Limited Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. ACC Limited Buyback Buyback record date is . Suraj Limited Buyback Buyback record date is Aug 20, 2022.

 ACC Ltd.Suraj Ltd.
Record DateAug 20, 2022
Offer Open DateAug 26, 2022Sep 14, 2022
Offer Closure DateSep 09, 2022Sep 27, 2022
Last date for receipt of tender formsSep 27, 2022
Finalisation of buybackOct 06, 2022
Last Date for settlment of bidsOct 07, 2022
Last Date for extinguishment of sharesOct 14, 2022

Financial Details and Other Relevent Information

Comparison of ACC Limited Buyback and Suraj Limited Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 ACC Ltd.Suraj Ltd.
Financial
ACC Limited Financial Information (Restated)
Period EndedTotal RevenueNet Worth
31-Dec-1915975.9811546.93
31-Dec-2014002.7212702.37
31-Dec-2116358.3814312.18
Amount in ₹ Crore
Suraj Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-20177.031.0187.77
31-Mar-21192.381.3789.14
31-Mar-22348.76392.17
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 76.45 62.05 69.25
Jun-2022 73.60 61.05 67.33
May-2022 80.00 63.30 71.65
Stock price at NSE

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Compare:

ACC Limited Buyback and Suraj Limited Buyback