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Bajaj Auto Buyback vs Cigniti Technologies Buyback

Comparision between Bajaj Auto Buyback and Cigniti Technologies Buyback.

Buyback Details

Bajaj Auto Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Cigniti Technologies Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

  Bajaj Auto Limited Cigniti Technologies Limited
Logo Bajaj Auto Buyback Logo Cigniti Technologies Buyback Logo
Type of Buyback Open Market Through Stock Exchange Open Market Through Stock Exchange
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹4600 per share ₹500 per share
Issue Size
Issue Size (Amount) ₹2,500.00 Crores ₹38.00 Crores
Buyback Ratio
Registrar Kfin Technologies Limited Aarthi Consultants Pvt Ltd.
Lead Managers Jm Financial Limited Bajaj Capital Limited
Necessity of the buyback

The buyback is being undertaken for the following reasons:

  • The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders.

The buyback is being undertaken for the following reason:

1. The Buyback would help in improving its return on equity, by reducing the equity base, thereby leading to a long term increase in shareholders' value.

Buyback Timetable

Bajaj Auto Buyback and Cigniti Technologies Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Bajaj Auto Buyback Buyback record date is . Cigniti Technologies Buyback Buyback record date is .

  Bajaj Auto Limited Cigniti Technologies Limited
Record Date
Offer Open Date Jul 04, 2022 May 27, 2022
Offer Closure Date Oct 10, 2022 Jun 29, 2022
Last date for receipt of tender forms
Finalisation of buyback
Last Date for settlment of bids
Last Date for extinguishment of shares

Financial Details and Other Relevent Information

Comparison of Bajaj Auto Buyback and Cigniti Technologies Buyback 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 Limited Cigniti Technologies Limited
Financial
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Crore)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Income 34,428.85 29,017.54 31,443.22
Profit After Tax 6,165.87 4,857.02 5,211.91
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Lakhs)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Income 125,524.01 90,997.96 89,360.16
Profit After Tax 9,174.41 10,534.50 12,159.99
Net Worth 45,872.84 38,310.93 26,197.79
Reserves and Surplus 43,067.59 35,508.93 23,413.16
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2021 3341.50 3100.10 3238.03
Jan-2022 3554.75 3275.90 3419.50
Feb-2022 3635.10 3454.60 3552.12

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2022 494.85 427.85 455.00
Mar-2022 547.00 405.00 459.11
Feb-2022 558.00 482.00 520.90
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2021 3344.75 3105.20 3238.45
Jan-2022 3564.65 3277.10 3420.08
Feb-2022 3632.15 3458.65 3553.09

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2022 494.80 428.80 460.49
Mar-2022 527.50 410.00 455.96
Feb-2022 547.80 490.00 517.57

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