Comparison between CL Educate Buyback 2023 and KRBL Buyback 2023.
CL Educate Buyback 2023 is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while KRBL Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.
| CL Educate Ltd. | KRBL Ltd. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Logo |  |  | |||||||||
| Type of Buyback | Open Market Through Stock Exchange | Tender Offer | |||||||||
| Listing At | BSE, NSE | BSE, NSE | |||||||||
| Face Value | ₹5 per share | ₹1 per share | |||||||||
| Buyback Price | ₹94 per share | ₹500 per share | |||||||||
| Issue Size | 65,00,000 shares | ||||||||||
| Issue Size (Amount) | ₹15.00 Crores | ₹325.00 Crores | |||||||||
| Buyback Ratio |
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| Registrar | Kfin Technologies Ltd. | Alankit Assignments Ltd. | |||||||||
| Lead Managers | V.B.Desai Financial Services Ltd. | Elara Capital (India) Pvt.Ltd. | |||||||||
| Necessity of the buyback | The Buyback is being undertaken for the following reasons (i) The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares; (ii) The Buyback may help in improving return on equity, by reduction in the equity base, thereby leading to an increase in shareholders' value; and (iii) The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares to be accepted under the Buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment. | The Buyback is being undertaken for the following reasons: 1. The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby enhancing the overall return for them. 2. The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base of the Company, thereby leading to long term increase in shareholders' value. |
CL Educate Buyback 2023 and KRBL Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. CL Educate Buyback 2023 Buyback record date is . KRBL Buyback 2023 Buyback record date is Aug 25, 2023.
| CL Educate Ltd. | KRBL Ltd. | |
|---|---|---|
| Record Date | Aug 25, 2023 | |
| Offer Open Date | Aug 21, 2023 | Aug 31, 2023 |
| Offer Closure Date | Nov 28, 2023 | Sep 06, 2023 |
| Last date for receipt of tender forms | Sep 06, 2023 | |
| Finalisation of buyback | Sep 12, 2023 | |
| Last Date for settlment of bids | Sep 13, 2023 | |
| Last Date for extinguishment of shares | Aug 25, 2023 |
Comparison of CL Educate Buyback 2023 and KRBL Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
| CL Educate Ltd. | KRBL Ltd. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financial | CL Educate Limited Financial Information (Restated Consolidated)CL Educate Limited's revenue increased by 37.73% and profit after tax (PAT) rose by 63.4% between the financial year ending with March 31, 2023 and March 31, 2022.
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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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