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Comparision between Arex Industries Buyback 2024 and Vls Finance Buyback 2024.
Arex Industries Buyback 2024 is a Tender Offer buyback proposed to list at BSE while Vls Finance Buyback 2024 is a Tender Offer proposed to list at BSE, NSE.
Arex Industries Ltd. | Vls Finance Ltd. | |||||||||||||||||||
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Type of Buyback | Tender Offer | Tender Offer | ||||||||||||||||||
Listing At | BSE | BSE, NSE | ||||||||||||||||||
Face Value | ₹10 per share | ₹10 per share | ||||||||||||||||||
Buyback Price | ₹195 per share | ₹380 per share | ||||||||||||||||||
Issue Size | 3,60,000 shares | 33,00,000 shares | ||||||||||||||||||
Issue Size (Amount) | ₹7.02 Crores | ₹125.40 Crores | ||||||||||||||||||
Buyback Ratio |
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Registrar | Link Intime India Private Ltd | Rcmc Share Registry Private Limited | ||||||||||||||||||
Lead Managers | Interactive Financial Services Ltd | New Berry Capitals Private Limited | ||||||||||||||||||
Necessity of the buyback | The Buyback is being undertaken for the following reasons:
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Having regards to the healthy cash flows that the Company has been able to consistently generate, the future projected cash flows of the Company and the anticipated funds required for capital expenditure and working capital to meet the expected future growth of the Company, the Buy-back is expected to achieve the following objectives:
The Buy Back, which is being implemented through the Tender Offer as prescribed under the SEBI Buy Back Regulations, would involve allocation of 15% of number of Equity Shares that the Company proposes to Buy Back or several Equity Shares entitled as per the shareholding of Small Shareholders, whichever is higher, to Small Shareholders. The Company believes that this reservation of 15% for The Buyback gives the shareholders holding Equity Shares of the Company the option to either (i) participate and receive cash instead of Equity Shares to be accepted under the Buyback Offer or (ii) choose not to participate and enjoy a resultant increase in their percentage shareholding post-buyback Offer without additional investment. |
Arex Industries Buyback 2024 and Vls Finance Buyback 2024 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Arex Industries Buyback 2024 Buyback record date is Sep 07, 2024. Vls Finance Buyback 2024 Buyback record date is Aug 26, 2024.
Arex Industries Ltd. | Vls Finance Ltd. | |
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Record Date | Sep 07, 2024 | Aug 26, 2024 |
Offer Open Date | Sep 12, 2024 | Aug 30, 2024 |
Offer Closure Date | Sep 19, 2024 | Sep 05, 2024 |
Last date for receipt of tender forms | Sep 19, 2024 | Sep 05, 2024 |
Finalisation of buyback | Sep 26, 2024 | Sep 12, 2024 |
Last Date for settlment of bids | Sep 26, 2024 | Sep 13, 2024 |
Last Date for extinguishment of shares | Oct 07, 2024 | Sep 23, 2024 |
Comparison of Arex Industries Buyback 2024 and Vls Finance Buyback 2024 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
Arex Industries Ltd. | Vls Finance Ltd. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Financial | Arex Industries Ltd. Financial Information (Restated)Arex Industries Ltd.'s revenue increased by 13% and profit after tax (PAT) rose by 263% between the financial year ending with March 31, 2024 and March 31, 2023.
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Vls Finance Ltd. Financial Information (Restated Consolidated)Vls Finance Ltd.'s revenue increased by 395% and profit after tax (PAT) rose by 479% between the financial year ending with March 31, 2024 and March 31, 2023.
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Stock price at BSE | Stock price at BSE (in preceding 3 months)
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Stock price at BSE (in preceding 3 months)
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Stock price at NSE | Stock price at NSE (in preceding 3 months)
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