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Comparision between Axita Cotton Buyback 2023 and Welspun India Buyback 2023.
Axita Cotton Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while Welspun India Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.
Axita Cotton Limited | Welspun India Limited | ||||||||||
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Type of Buyback | Tender Offer | Tender Offer | |||||||||
Listing At | BSE, NSE | BSE, NSE | |||||||||
Face Value | ₹1 per share | ₹1 per share | |||||||||
Buyback Price | ₹56 per share | ₹120 per share | |||||||||
Issue Size | 9,00,000 shares | 1,62,50,000 shares | |||||||||
Issue Size (Amount) | ₹5.04 Crores | ₹195.00 Crores | |||||||||
Buyback Ratio |
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Registrar | Skyline Financial Services Private Ltd | Link Intime India Private Ltd | |||||||||
Lead Managers | Beeline Capital Advisors Pvt Ltd | Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) | |||||||||
Necessity of the buyback | The buyback is a capital allocation decision taken by the company. 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 the longer term, and improving the return on equity. |
The Buy-back is being undertaken for the following reasons:
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Axita Cotton Buyback 2023 and Welspun India Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Axita Cotton Buyback 2023 Buyback record date is Jun 02, 2023. Welspun India Buyback 2023 Buyback record date is May 10, 2023.
Axita Cotton Limited | Welspun India Limited | |
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Record Date | Jun 02, 2023 | May 10, 2023 |
Offer Open Date | Jun 08, 2023 | May 16, 2023 |
Offer Closure Date | Jun 14, 2023 | May 22, 2023 |
Last date for receipt of tender forms | Jun 14, 2023 | May 22, 2023 |
Finalisation of buyback | Jun 21, 2023 | May 26, 2023 |
Last Date for settlment of bids | Jun 21, 2023 | May 29, 2023 |
Last Date for extinguishment of shares | Jul 03, 2023 | Jun 07, 2023 |
Comparison of Axita Cotton Buyback 2023 and Welspun India Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
Axita Cotton Limited | Welspun India Limited | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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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