Comparison between Cigniti Technologies Buyback and Zydus Lifesciences Buyback.
Cigniti Technologies Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Zydus Lifesciences Buyback is a Tender Offer proposed to list at BSE, NSE.
| Cigniti Technologies Ltd. | Zydus Lifesciences Ltd. | |||||||
|---|---|---|---|---|---|---|---|---|
| Logo |  |  | ||||||
| Type of Buyback | Open Market Through Stock Exchange | Tender Offer | ||||||
| Listing At | BSE, NSE | BSE, NSE | ||||||
| Face Value | ₹10 per share | ₹1 per share | ||||||
| Buyback Price | ₹500 per share | ₹650 per share | ||||||
| Issue Size | 1,15,38,461 shares | |||||||
| Issue Size (Amount) | ₹38.00 Crores | ₹750.00 Crores | ||||||
| Buyback Ratio |
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| Registrar | Aarthi Consultants Pvt.Ltd. | MUFG Intime India Pvt.Ltd. | ||||||
| Lead Managers | Bajaj Capital Ltd. | ICICI Securities Ltd. | ||||||
| Necessity of the buyback | The buyback is being undertaken for the following reason: 1. The Buyback would help in improving its return on equity, by reducing the equity base, thereby leading to a long term increase in shareholders' value. | The buyback is being undertaken for the following reason: 1. The Buyback will help the Company to distribute a part of the surplus cash to its shareholders holding Equity Shares thereby, optimizing returns to the shareholders and enhancing the overall shareholders' value in longer term and improving the return on equity. |
Cigniti Technologies Buyback and Zydus Lifesciences Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Cigniti Technologies Buyback Buyback record date is . Zydus Lifesciences Buyback Buyback record date is Jun 02, 2022.
| Cigniti Technologies Ltd. | Zydus Lifesciences Ltd. | |
|---|---|---|
| Record Date | Jun 02, 2022 | |
| Offer Open Date | May 27, 2022 | Jun 23, 2022 |
| Offer Closure Date | Jun 29, 2022 | Jul 06, 2022 |
| Last date for receipt of tender forms | Jul 06, 2022 | |
| Finalisation of buyback | Jul 14, 2022 | |
| Last Date for settlment of bids | Jul 15, 2022 | |
| Last Date for extinguishment of shares | Jul 22, 2022 |
Comparison of Cigniti Technologies Buyback and Zydus Lifesciences 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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