Comparison between Granules India Buyback and SIS Limited Buyback.
Granules India Buyback is a Tender Offer buyback proposed to list at BSE while SIS Limited Buyback is a Tender Offer proposed to list at BSE.
| Granules India Ltd. | SIS Ltd. | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Logo |  |  | ||||||||||||
| Type of Buyback | Tender Offer | Tender Offer | ||||||||||||
| Listing At | BSE | BSE | ||||||||||||
| Face Value | ₹1 per share | ₹5 per share | ||||||||||||
| Buyback Price | ₹400 per share | ₹550 per share | ||||||||||||
| Issue Size | 62,50,000 shares | 14,54,545 shares | ||||||||||||
| Issue Size (Amount) | ₹250.00 Crores | ₹80.00 Crores | ||||||||||||
| Buyback Ratio |
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| Registrar | Kfin Technologies Ltd. | MUFG Intime India Pvt.Ltd. | ||||||||||||
| Lead Managers | Motilal Oswal Investment Advisors Ltd. | Edelweiss Financial Services Ltd. | ||||||||||||
| Necessity of the buyback | The buyback is being undertaken for the following reasons: 1. The Buyback will help the Company to distribute surplus cash to its members holding Equity Shares thereby enhancing the overall return for them. 2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by the reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders' value. | The Buyback is being undertaken for the following reasons:
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Granules India Buyback and SIS Limited Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Granules India Buyback Buyback record date is Aug 23, 2022. SIS Limited Buyback Buyback record date is Aug 30, 2022.
| Granules India Ltd. | SIS Ltd. | |
|---|---|---|
| Record Date | Aug 23, 2022 | Aug 30, 2022 |
| Offer Open Date | Sep 27, 2022 | Oct 04, 2022 |
| Offer Closure Date | Oct 11, 2022 | Oct 18, 2022 |
| Last date for receipt of tender forms | Oct 11, 2022 | Oct 27, 2022 |
| Finalisation of buyback | Oct 19, 2022 | Oct 28, 2022 |
| Last Date for settlment of bids | Oct 20, 2022 | Oct 31, 2022 |
| Last Date for extinguishment of shares | Oct 25, 2022 | Nov 07, 2022 |
Comparison of Granules India Buyback and SIS Limited Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
| Granules India Ltd. | SIS Ltd. | |||||||||||||||||||||||||||||||||||||||||
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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)
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