Comparison between Gail India Buyback and Sinclairs Hotels Buyback.
Gail India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Sinclairs Hotels Buyback is a Tender Offer proposed to list at BSE.
| Gail (India) Ltd. | Sinclairs Hotels Ltd. | |||||||
|---|---|---|---|---|---|---|---|---|
| Logo |  |  | ||||||
| Type of Buyback | Tender Offer | Tender Offer | ||||||
| Listing At | BSE, NSE | BSE | ||||||
| Face Value | ₹10 per share | ₹2 per share | ||||||
| Buyback Price | ₹150 per share | ₹143 per share | ||||||
| Issue Size | 6,97,56,641 shares | 7,00,000 shares | ||||||
| Issue Size (Amount) | ₹1,046.35 Crores | ₹10.01 Crores | ||||||
| Buyback Ratio |
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| Registrar | MCS Share Transfer Agent Ltd. | Niche Technologies Pvt.Ltd. | ||||||
| Lead Managers | IDBI Capital Markets & Securities Ltd. | |||||||
| Necessity of the buyback |
The Buyback is aimed to :
| The buyback is being undertaken for the following reason: 1. The Buyback will help the Company to return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders. 2. The Buyback would help in improving return on equity, by the reduction in the equity base, thereby leading to a long term increase in shareholders' value. |
Gail India Buyback and Sinclairs Hotels 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. Sinclairs Hotels Buyback Buyback record date is May 13, 2022.
| Gail (India) Ltd. | Sinclairs Hotels Ltd. | |
|---|---|---|
| Record Date | Jan 28, 2021 | May 13, 2022 |
| Offer Open Date | Feb 25, 2021 | Jun 03, 2022 |
| Offer Closure Date | Mar 10, 2021 | Jun 16, 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 Sinclairs Hotels 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)
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