Cosmo First Buyback vs Hinduja Global Solutions Buyback

Comparision between Cosmo First Buyback and Hinduja Global Solutions Buyback.

Buyback Details

Cosmo First Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Hinduja Global Solutions Buyback is a Tender Offer proposed to list at BSE, NSE.

Cosmo First Limited

Hinduja Global Solutions Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹1070 per share

₹1700 per share

Issue Size

10,09,345 shares

60,00,000 shares

Issue Size (Amount)

₹108.00 Crores

₹1,020.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	8 Equity Shares out of every 121 Fully paid-up Equity Shares held on the Record Date.	151,402.00
General Category for all other Eligible Shareholders	29 Equity Shares out of every 844 Fully paid-up Equity Shares held on the Record Date.	857,943.00

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	1 Equity Shares out of every 3 Fully paid-up Equity Shares held on the Record Date.	900,000.00
General Category for all other Eligible Shareholders	1 Equity Shares out of every 9 Fully paid-up Equity Shares held on the Record Date.	5,100,000.00

Registrar

Link Intime India Private Ltd

Kfin Technologies Limited

Lead Managers

Anand Rathi Securities Limited

Motilal Oswal Investment Advisors Limited

Necessity of the buyback

The buyback is being undertaken for the following reason:

The Buyback will improve financial ratios like earnings per share, return on capital employed and return on equity, calculated on the basis of financial statements, by reduction in the equity basis of the Company, thereby leading to long term increase in shareholders' value.

The Buyback will help in achieving an optimal capital structure.

The Buyback will help the Company to distribute surplus cash to the Eligible Shareholders broadly in proportion to their shareholding, thereby, enhancing their overall return.

The Buyback is being undertaken with following objectives:

1. The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to the shareholders.

2. The Buyback will help in improving financial ratios like earnings per share, return on capital employed and return on equity, by reducing the equity base of the Company

Buyback Timetable

Cosmo First Buyback and Hinduja Global Solutions Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Cosmo First Buyback Buyback record date is Dec 14, 2022. Hinduja Global Solutions Buyback Buyback record date is Mar 06, 2023.

	Cosmo First Limited	Hinduja Global Solutions Limited
Record Date	Dec 14, 2022	Mar 06, 2023
Offer Open Date	Jan 27, 2023	May 22, 2023
Offer Closure Date	Feb 09, 2023	Jun 02, 2023
Last date for receipt of tender forms	Feb 09, 2023	Jun 02, 2023
Finalisation of buyback	Feb 17, 2023	Jun 12, 2023
Last Date for settlment of bids	Feb 20, 2023	Jun 13, 2023
Last Date for extinguishment of shares	Feb 27, 2023	Jun 20, 2023

Financial Details and Other Relevent Information

Comparison of Cosmo First Buyback and Hinduja Global Solutions Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Cosmo First Limited

Hinduja Global Solutions Limited

Financial

Cosmo First Limited Financial Information (Consolidated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2222.99	113.44	726.63	707.19	789.45
31-Mar-21	2322.92	136	841.19	823.02	760.29
31-Mar-22	3086.71	396.61	1175.43	1157.26	810.05
30-Sep-22	1638.91	166.53	1332.6	1305.34	839.16
Amount in ₹ Crore

Hinduja Global Solutions Limited Financial Information (Consolidated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	5043.64	184.04	1731.84	498.96
31-Mar-21	5670.49	336.05	2084.87	292.24
31-Mar-22	4488.63	-32.12	8229.73	819.18
30-Sep-22	2692.42	265.41	8644.78	638.47
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2022	814.20	657.95	738.71
Oct-2022	899.30	728.05	812.91
Sep-2022	929.90	837.05	880.26

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2022	1661.05	1275.65	1464.25
Sep-2022	1484.50	1221.00	1391.98
Oct-2022	1331.80	1207.45	1272.53

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Nov-2022	815.00	658.10	738.94
Oct-2022	895.55	728.80	812.42
Sep-2022	925.00	837.00	880.57

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2022	1662.75	1279.35	1471.26
Sep-2022	1488.10	1217.45	1402.97
Oct-2022	1329.55	1207.40	1277.21

Compare with others

Cosmo First Limited	Hinduja Global Solutions Limited
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Bajaj Consumer Care Buyback	VLS Finance Buyback
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Indian Energy Exchange Buyback	KAMA Holdings Buyback
Softsol India Buyback 2022	Bajaj Consumer Care Buyback
Tips Industries Buyback 2022	Freshtrop Fruits Buyback 2022
eClerx Services Buyback 2022	Cosmo First Buyback

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