Comparison between Bajaj Auto Buyback 2024 and Zydus Lifesciences Buyback 2024.
Bajaj Auto Buyback 2024 is a Tender Offer buyback proposed to list at BSE, NSE while Zydus Lifesciences Buyback 2024 is a Tender Offer proposed to list at BSE, NSE.
| Bajaj Auto Ltd. | Zydus Lifesciences Ltd. | |||||||||||||||||||
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| Type of Buyback | Tender Offer | Tender Offer | ||||||||||||||||||
| Listing At | BSE, NSE | BSE, NSE | ||||||||||||||||||
| Face Value | ₹10 per share | ₹1 per share | ||||||||||||||||||
| Buyback Price | ₹10000 per share | ₹1005 per share | ||||||||||||||||||
| Issue Size | 40,00,000 shares | 59,70,149 shares | ||||||||||||||||||
| Issue Size (Amount) | ₹4,000.00 Crores | ₹600.00 Crores | ||||||||||||||||||
| Buyback Ratio |
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| Registrar | Kfin Technologies Ltd. | MUFG Intime India Pvt.Ltd. | ||||||||||||||||||
| Lead Managers | JM Financial Ltd. | ICICI Securities Ltd. | ||||||||||||||||||
| Necessity of the buyback | The financial strategy of the Company is aimed at driving the sustainable growth of its business and enhancing the returns for its Shareholders. The growth of the business, robust cash generation and strong balance sheet position allows the Company to reward its shareholders from time to time, as in the current instance, while retaining sufficient capital for growth investments, and opportunities. The Buyback reinforces the Company's commitment to its shareholders by returning surplus cash to them in an effective and efficient manner, which in turn will improve its earnings per share and return on equity. | 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. |
Bajaj Auto Buyback 2024 and Zydus Lifesciences Buyback 2024 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Bajaj Auto Buyback 2024 Buyback record date is Feb 29, 2024. Zydus Lifesciences Buyback 2024 Buyback record date is Feb 23, 2024.
| Bajaj Auto Ltd. | Zydus Lifesciences Ltd. | |
|---|---|---|
| Record Date | Feb 29, 2024 | Feb 23, 2024 |
| Offer Open Date | Mar 06, 2024 | Feb 29, 2024 |
| Offer Closure Date | Mar 13, 2024 | Mar 06, 2024 |
| Last date for receipt of tender forms | Mar 13, 2024 | Mar 06, 2024 |
| Finalisation of buyback | Mar 19, 2024 | Mar 13, 2024 |
| Last Date for settlment of bids | Mar 20, 2024 | Mar 14, 2024 |
| Last Date for extinguishment of shares | Mar 26, 2024 | Mar 26, 2024 |
Comparison of Bajaj Auto Buyback 2024 and Zydus Lifesciences 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.
| Bajaj Auto Ltd. | Zydus Lifesciences Ltd. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financial | Bajaj Auto Limited Financial Information (Restated Consolidated)Bajaj Auto Limited's revenue increased by 9.34% and profit after tax (PAT) dropped by -1.71% between the financial year ending with March 31, 2023 and March 31, 2022.
| Zydus Lifesciences Limited Financial Information (Restated Consolidated)Zydus Lifesciences Limited's revenue increased by 17.07% and profit after tax (PAT) rose by 78.25% between the financial year ending with March 31, 2023 and March 31, 2022.
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| Stock price at BSE | 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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