FREE Account Opening + No Clearing Fees
Loading...

Balrampur Chini Buyback 2022 vs Triveni Turbine Buyback

Comparision between Balrampur Chini Buyback 2022 and Triveni Turbine Buyback.

Buyback Details

Balrampur Chini Buyback 2022 is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Triveni Turbine Buyback is a Tender Offer proposed to list at BSE, NSE.

  Balrampur Chini Mills Limited Triveni Turbine Limited
Logo Balrampur Chini Buyback 2022 Logo Triveni Turbine Buyback Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹1 per share ₹1 per share
Buyback Price ₹360 per share ₹350 per share
Issue Size 54,28,571 shares
Issue Size (Amount) ₹145.45 Crores ₹190.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 8 Equity Shares out of every 51 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 1 Equity Share out of every 69 Fully paid-up Equity Shares held on the Record Date.
Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers Axis Capital Limited Ambit Private Limited
Necessity of the buyback

The buyback is being undertaken for the following reason:

1.To optimize returns to shareholders.

2. To enhance overall shareholder value.

3. To optimize capital structure.

The Buyback is being undertaken, inter-alia, for the following reasons:

Taking into account the operational and strategic cash requirements of the Company in the medium term (including investment in growth plans and associated capital expenditure), the Company's dividend pay-out trend and cash reserves, the Company considers appropriate to return surplus funds to the shareholders in an effective and efficient manner.

The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares and will promote capital efficiency and thereby increasing shareholders' value and improving return on equity to the management of the Company's business during that year and to the amount and character of the financial resources which will, in the Board's view.

Buyback Timetable

Balrampur Chini Buyback 2022 and Triveni Turbine Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Balrampur Chini Buyback 2022 Buyback record date is . Triveni Turbine Buyback Buyback record date is Dec 23, 2022.

  Balrampur Chini Mills Limited Triveni Turbine Limited
Record Date Dec 23, 2022
Offer Open Date Nov 16, 2022 Jan 17, 2023
Offer Closure Date May 15, 2023 Jan 31, 2023
Last date for receipt of tender forms Jan 31, 2023
Finalisation of buyback Feb 08, 2023
Last Date for settlment of bids Feb 09, 2023
Last Date for extinguishment of shares Feb 16, 2023

Financial Details and Other Relevent Information

Comparison of Balrampur Chini Buyback 2022 and Triveni Turbine Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Balrampur Chini Mills Limited Triveni Turbine Limited
Financial
Balrampur Chini Mills Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-20779.84509.282287.5
31-Mar-214845.11469.772480.44
31-Mar-224893.94514.662673.63
Amount in ₹ Crore
Triveni Turbine Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxTotal Borrowing
31-Mar-21941.85721.68102.4698.69
31-Mar-221334.82881.72270.2128.2
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2022 366.95 306.80 343.47
Jan-2022 385.85 335.45 363.80
Jan-2022 404.15 329.00 352.13

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 294.85 270.10 281.01
Oct-2022 305.10 233.10 270.84
Sep-2022 248.20 205.60 225.24
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jan-2022 367.00 307.30 343.73
Jan-2022 385.90 335.15 363.87
Jan-2022 404.50 329.00 352.13

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 294.80 270.20 280.95
Oct-2022 305.50 234.90 270.76
Sep-2022 248.80 204.95 225.24

Comments

Add a public comment...