Comparison between Bajaj Auto Buyback and Birlasoft Limited Buyback.
Bajaj Auto Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Birlasoft Limited Buyback is a Tender Offer proposed to list at BSE, NSE.
| Bajaj Auto Ltd. | Birlasoft Ltd. | |||||||
|---|---|---|---|---|---|---|---|---|
| Logo |  |  | ||||||
| Type of Buyback | Open Market Through Stock Exchange | Tender Offer | ||||||
| Listing At | BSE, NSE | BSE, NSE | ||||||
| Face Value | ₹10 per share | ₹2 per share | ||||||
| Buyback Price | ₹4600 per share | ₹500 per share | ||||||
| Issue Size | 78,00,000 shares | |||||||
| Issue Size (Amount) | ₹2,500.00 Crores | ₹390.00 Crores | ||||||
| Buyback Ratio |
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| Registrar | Kfin Technologies Ltd. | MUFG Intime India Pvt.Ltd. | ||||||
| Lead Managers | JM Financial Ltd. | Kotak Mahindra Capital Co.Ltd. | ||||||
| Necessity of the buyback | The buyback is being undertaken for the following reasons:
| The buyback is being undertaken for the following reasons: 1. The Buyback will help the Company to distribute surplus cash to its members holding Equity Shares thereby enhancing the overall return for them. 2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by the reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders' value. |
Bajaj Auto Buyback and Birlasoft Limited 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 . Birlasoft Limited Buyback Buyback record date is Jul 15, 2022.
| Bajaj Auto Ltd. | Birlasoft Ltd. | |
|---|---|---|
| Record Date | Jul 15, 2022 | |
| Offer Open Date | Jul 04, 2022 | Aug 11, 2022 |
| Offer Closure Date | Oct 10, 2022 | Aug 26, 2022 |
| Last date for receipt of tender forms | Aug 26, 2022 | |
| Finalisation of buyback | Sep 06, 2022 | |
| Last Date for settlment of bids | Sep 07, 2022 | |
| Last Date for extinguishment of shares | Sep 14, 2022 |
Comparison of Bajaj Auto Buyback and Birlasoft Limited Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
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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)
| Stock price at NSE (in preceding 3 months)
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