Comparison between Birlasoft Limited Buyback and Route Mobile Buyback.
Birlasoft Limited Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Route Mobile Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.
| Birlasoft Ltd. | Route Mobile Ltd. | |||||||
|---|---|---|---|---|---|---|---|---|
| Logo |  |  | ||||||
| Type of Buyback | Tender Offer | Open Market Through Stock Exchange | ||||||
| Listing At | BSE, NSE | BSE, NSE | ||||||
| Face Value | ₹2 per share | ₹10 per share | ||||||
| Buyback Price | ₹500 per share | ₹1700 per share | ||||||
| Issue Size | 78,00,000 shares | |||||||
| Issue Size (Amount) | ₹390.00 Crores | ₹120.00 Crores | ||||||
| Buyback Ratio |
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| Registrar | MUFG Intime India Pvt.Ltd. | Kfin Technologies Ltd. | ||||||
| Lead Managers | Kotak Mahindra Capital Co.Ltd. | Edelweiss Financial Services Ltd. | ||||||
| Necessity of the buyback | 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. | The buyback is being undertaken for the following reasons: 1. Utilise the available surplus funds, which are in excess of the surplus amount needed to be retained by the company for future growth over a medium term. 2. The Buyback would help in improving the return on equity, based on the consumption that the company would earn similar profits as in the past and increasing shareholder value in the long term. |
Birlasoft Limited Buyback and Route Mobile Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Birlasoft Limited Buyback Buyback record date is Jul 15, 2022. Route Mobile Buyback Buyback record date is .
| Birlasoft Ltd. | Route Mobile Ltd. | |
|---|---|---|
| Record Date | Jul 15, 2022 | |
| Offer Open Date | Aug 11, 2022 | Jul 11, 2022 |
| Offer Closure Date | Aug 26, 2022 | Aug 29, 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 Birlasoft Limited Buyback and Route Mobile 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 NSE | Stock price at NSE (in preceding 3 months)
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