Comparison between Gail India Buyback and Sarda Energy & Minerals Buyback.
Gail India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Sarda Energy & Minerals Buyback is a Tender Offer proposed to list at BSE, NSE.
| Gail (India) Ltd. | Sarda Energy & Minerals Ltd. | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Logo |  |  | ||||||||||||
| Type of Buyback | Tender Offer | Tender Offer | ||||||||||||
| Listing At | BSE, NSE | BSE, NSE | ||||||||||||
| Face Value | ₹10 per share | ₹10 per share | ||||||||||||
| Buyback Price | ₹150 per share | ₹1500 per share | ||||||||||||
| Issue Size | 6,97,56,641 shares | 8,11,108 shares | ||||||||||||
| Issue Size (Amount) | ₹1,046.35 Crores | ₹121.67 Crores | ||||||||||||
| Buyback Ratio |
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| Registrar | MCS Share Transfer Agent Ltd. | Bigshare Services Pvt.Ltd. | ||||||||||||
| Lead Managers | IDBI Capital Markets & Securities Ltd. | Hem Securities Ltd. | ||||||||||||
| Necessity of the buyback |
The Buyback is aimed to :
| 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 broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders. 2. The Buyback would help in improving financial ratios like earnings per share and return on equity, by reducing the equity base of the company. |
Gail India Buyback and Sarda Energy & Minerals 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. Sarda Energy & Minerals Buyback Buyback record date is May 06, 2022.
| Gail (India) Ltd. | Sarda Energy & Minerals Ltd. | |
|---|---|---|
| Record Date | Jan 28, 2021 | May 06, 2022 |
| Offer Open Date | Feb 25, 2021 | Jun 02, 2022 |
| Offer Closure Date | Mar 10, 2021 | Jun 15, 2022 |
| Last date for receipt of tender forms | Mar 12, 2021 | Jun 15, 2022 |
| Finalisation of buyback | Mar 18, 2021 | Jun 24, 2022 |
| Last Date for settlment of bids | Mar 19, 2021 | Jun 27, 2022 |
| Last Date for extinguishment of shares | Mar 26, 2021 | Jul 04, 2022 |
Comparison of Gail India Buyback and Sarda Energy & Minerals Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
| Gail (India) Ltd. | Sarda Energy & Minerals Ltd. | ||||||||||||||||||||||||||||||||||||||||||||||||||
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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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