Comparison between Granules India Buyback and TCI Express Buyback.
Granules India Buyback is a Tender Offer buyback proposed to list at BSE while TCI Express Buyback is a Open Market Through Stock Exchange proposed to list at BSE.
| Granules India Ltd. | TCI Express Ltd. | |||||||
|---|---|---|---|---|---|---|---|---|
| Logo |  |  | ||||||
| Type of Buyback | Tender Offer | Open Market Through Stock Exchange | ||||||
| Listing At | BSE | BSE | ||||||
| Face Value | ₹1 per share | ₹2 per share | ||||||
| Buyback Price | ₹400 per share | ₹2050 per share | ||||||
| Issue Size | 62,50,000 shares | |||||||
| Issue Size (Amount) | ₹250.00 Crores | ₹75.00 Crores | ||||||
| Buyback Ratio |
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| Registrar | Kfin Technologies Ltd. | Kfin Technologies Ltd. | ||||||
| Lead Managers | Motilal Oswal Investment Advisors Ltd. | Motilal Oswal Investment Advisors 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: 1. The Buyback is generally expected to improve return on equity, through distribution of cash and improve eamings per share by reduction in the Equity base, thereby leading to long term increase in Members' value. |
Granules India Buyback and TCI Express 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. TCI Express Buyback Buyback record date is .
| Granules India Ltd. | TCI Express Ltd. | |
|---|---|---|
| Record Date | Aug 23, 2022 | |
| Offer Open Date | Sep 27, 2022 | Aug 18, 2022 |
| Offer Closure Date | Oct 11, 2022 | Feb 13, 2023 |
| Last date for receipt of tender forms | Oct 11, 2022 | |
| Finalisation of buyback | Oct 19, 2022 | |
| Last Date for settlment of bids | Oct 20, 2022 | |
| Last Date for extinguishment of shares | Oct 25, 2022 |
Comparison of Granules India Buyback and TCI Express 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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| 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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