Comparison between Gail India Buyback and Pennar Industries Buyback.
Gail India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Pennar Industries Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.
| Gail (India) Ltd. | Pennar Industries Ltd. | |||||||
|---|---|---|---|---|---|---|---|---|
| Logo |  |  | ||||||
| Type of Buyback | Tender Offer | Open Market Through Stock Exchange | ||||||
| Listing At | BSE, NSE | BSE, NSE | ||||||
| Face Value | ₹10 per share | ₹5 per share | ||||||
| Buyback Price | ₹150 per share | ₹50 per share | ||||||
| Issue Size | 6,97,56,641 shares | |||||||
| Issue Size (Amount) | ₹1,046.35 Crores | ₹40.00 Crores | ||||||
| Buyback Ratio |
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| Registrar | MCS Share Transfer Agent Ltd. | Kfin Technologies Ltd. | ||||||
| Lead Managers | IDBI Capital Markets & Securities Ltd. | Finshore Management Services Ltd. | ||||||
| Necessity of the buyback |
The Buyback is aimed to :
| The buyback aims to utilize the net proceeds towards the following objectives:
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Gail India Buyback and Pennar Industries Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Gail India Buyback Buyback record date is Jan 28, 2021. Pennar Industries Buyback Buyback record date is .
| Gail (India) Ltd. | Pennar Industries Ltd. | |
|---|---|---|
| Record Date | Jan 28, 2021 | |
| Offer Open Date | Feb 25, 2021 | Mar 23, 2022 |
| Offer Closure Date | Mar 10, 2021 | Sep 22, 2022 |
| Last date for receipt of tender forms | Mar 12, 2021 | |
| Finalisation of buyback | Mar 18, 2021 | |
| Last Date for settlment of bids | Mar 19, 2021 | |
| Last Date for extinguishment of shares | Mar 26, 2021 |
Comparison of Gail India Buyback and Pennar Industries 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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| Financial |
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| Stock price at BSE | Stock price at BSE (in preceding 3 months)
| 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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