Indian Energy Exchange Buyback vs Tips Industries Buyback 2022

The Buyback is being undertaken for the following reasons:

1. The Buyback gives the Company an opportunity to distribute surplus cash to its shareholders.
2. The buyback may help in improving return on equity and other financial ratios, by a reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
3. The buyback gives an option to the existing equity shareholders to participate in the Buyback and receive cash in lieu of equity shares.

The Buyback is being undertaken for the following reasons:

• The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares.
• The Buyback is generally expected to improve return on equity through distribution of cash and improve earnings per share by reduction in the equity base, thereby leading to long term increase in shareholders' value.