Comparison between CARE Ratings Buyback and TCI Express Buyback.
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 Ltd. | TCI Express Ltd. | |||||||
|---|---|---|---|---|---|---|---|---|
| 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 |
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| Registrar | Kfin Technologies Ltd. | Kfin Technologies Ltd. | ||||||
| Lead Managers | Dam Capital Advisors Ltd. | Motilal Oswal Investment Advisors Ltd. | ||||||
| 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. |
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 Ltd. | TCI Express Ltd. | |
|---|---|---|
| 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 |
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.
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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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