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Hinduja Global Solutions Buyback vs VLS Finance Buyback

Comparision between Hinduja Global Solutions Buyback and VLS Finance Buyback.

Buyback Details

Hinduja Global Solutions Buyback is a Tender Offer buyback proposed to list at BSE, NSE while VLS Finance Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

  Hinduja Global Solutions Limited VLS Finance Limited
Logo Hinduja Global Solutions Buyback Logo VLS Finance Buyback Logo
Type of Buyback Tender Offer Open Market Through Stock Exchange
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹1700 per share ₹200 per share
Issue Size 60,00,000 shares
Issue Size (Amount) ₹1,020.00 Crores ₹70.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 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 Shareholders1 Equity Shares out of every 9 Fully paid-up Equity Shares held on the Record Date.5,100,000.00
Registrar Kfin Technologies Limited Rcmc Share Registry Private Limited
Lead Managers Motilal Oswal Investment Advisors Limited Smc Capitals Limited
Necessity of the buyback

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

The Buy-Back is expected to achieve the following objectives:

  1. optimize returns to shareholders
  2. enhance overall shareholders' value
  3. optimize the capital structure

Buyback Timetable

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

  Hinduja Global Solutions Limited VLS Finance Limited
Record Date Mar 06, 2023
Offer Open Date May 22, 2023 Jan 16, 2023
Offer Closure Date Jun 02, 2023 May 29, 2023
Last date for receipt of tender forms Jun 02, 2023
Finalisation of buyback Jun 12, 2023
Last Date for settlment of bids Jun 13, 2023
Last Date for extinguishment of shares Jun 20, 2023

Financial Details and Other Relevent Information

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

  Hinduja Global Solutions Limited VLS Finance Limited
Financial
Hinduja Global Solutions Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-205043.64184.041731.84498.96
31-Mar-215670.49336.052084.87292.24
31-Mar-224488.63-32.128229.73819.18
30-Sep-222692.42265.418644.78638.47
Amount in ₹ Crore
VLS Finance Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-211629.17214.64215.82
31-Mar-222008.42286.29254.39
Amount in ₹ Crore
Stock price at BSE

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 BSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2022 143.30 120.50 134.75
Nov-2022 152.90 131.85 136.17
Oct-2022 142.00 115.00 133.93
Stock price at NSE

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

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Dec-2022 143.90 120.50 134.64
Nov-2022 151.80 130.00 136.21
Oct-2022 147.85 128.90 133.75

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