CARE Ratings Buyback vs TCI Express Buyback

Comparision between CARE Ratings Buyback and TCI Express Buyback.

Buyback Details

CARE Ratings Buyback is a Tender Offer buyback proposed to list at BSE, NSE while TCI Express Buyback is a Open Market Through Stock Exchange proposed to list at BSE.

CARE Ratings Limited

TCI Express Limited

Logo

Type of Buyback

Tender Offer

Open Market Through Stock Exchange

Listing At

BSE, NSE

BSE

Face Value

₹10 per share

₹2 per share

Buyback Price

₹515 per share

₹2050 per share

Issue Size

23,68,000 shares

Issue Size (Amount)

₹121.95 Crores

₹75.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	60 Equity Share out of every 539 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	69 Equity Shares out of every 907 Fully paid-up Equity Shares held on the Record Date.

Registrar

Kfin Technologies Limited

Lead Managers

Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)

Motilal Oswal Investment Advisors Limited

Necessity of the buyback

The Buyback is being undertaken for the following reasons:

(i) optimising returns to shareholders;

(ii) enhancing overall shareholder value.

(iii) achieving optimum capital structure.

(iv) mitigating the effects of short-term market volatility.

(v) enhancing shareholders' confidence.

The buyback is being undertaken for the following reasons:

1. The Buyback is generally expected to improve return on equity, through distribution of cash and improve eamings per share by reduction in the Equity base, thereby leading to long term increase in Members' value.

Buyback Timetable

CARE Ratings Buyback and TCI Express Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. CARE Ratings Buyback Buyback record date is Sep 14, 2022. TCI Express Buyback Buyback record date is .

	CARE Ratings Limited	TCI Express Limited
Record Date	Sep 14, 2022
Offer Open Date	Nov 18, 2022	Aug 18, 2022
Offer Closure Date	Dec 01, 2022	Feb 13, 2023
Last date for receipt of tender forms	Dec 03, 2022
Finalisation of buyback	Dec 09, 2022
Last Date for settlment of bids	Dec 12, 2022
Last Date for extinguishment of shares	Dec 19, 2022

Financial Details and Other Relevent Information

Comparison of CARE Ratings Buyback and TCI Express Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

CARE Ratings Limited

TCI Express Limited

Financial

CARE Ratings Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax
31-Mar-20	275.11	83.48
31-Mar-21	279.74	90.97
31-Mar-22	274.82	76.83
Amount in ₹ Crore

TCI Express Limited Financial Information (Restated)
Period Ended	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	1036.33	89.08	337.27
31-Mar-21	851.64	100.6	433.87
31-Mar-22	1089.64	128.84	536.19
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2022	521.80	452.75	484.72
Jul-2022	492.25	410.60	440.55
Jun-2022	485.35	405.35	437.03

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2022	1790.05	1491.45	1624.13
Jun-2022	1765.65	1551.00	1628.40
May-2022	1889.50	1444.50	1634.72

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2022	522.00	452.20	484.75
Jul-2022	492.00	410.15	440.83
Jun-2022	485.00	406.00	437.16

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2022	1790.00	1490.75	1626.09
Jun-2022	1764.95	1554.00	1630.02
May-2022	1898.85	1442.05	1634.95

Compare with others

CARE Ratings Limited	TCI Express Limited
SIS Limited Buyback	Shyam Century Ferrous Buyback
TCI Express Buyback	Tanla Platforms Buyback 2022
Granules India Buyback	Mindteck India Buyback
Suraj Limited Buyback	ACC Limited Buyback
Quick Heal Technologies Buyback 2022	SIS Limited Buyback
Techno Electric Buyback	Granules India Buyback
Marksans Pharma Buyback	Suraj Limited Buyback
Bajaj Auto Buyback	Quick Heal Technologies Buyback 2022
Route Mobile Buyback	CARE Ratings Buyback
Avonmore Capital Buyback	Techno Electric Buyback

Comments

Add a public comment...