Comparison between Garware Technical Fibres Buyback and Kaveri Seed Buyback 2022.
Garware Technical Fibres Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Kaveri Seed Buyback 2022 is a Open Market Through Stock Exchange proposed to list at BSE, NSE.
| Garware Technical Fibres Ltd. | Kaveri Seed Company Ltd | |||||||
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| Logo |  |  | ||||||
| Type of Buyback | Tender Offer | Open Market Through Stock Exchange | ||||||
| Listing At | BSE, NSE | BSE, NSE | ||||||
| Face Value | ₹10 per share | ₹2 per share | ||||||
| Buyback Price | ₹3750 per share | ₹700 per share | ||||||
| Issue Size | 2,40,000 shares | |||||||
| Issue Size (Amount) | ₹90.00 Crores | ₹125.65 Crores | ||||||
| Buyback Ratio |
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| Registrar | MUFG Intime India Pvt.Ltd. | Bigshare Services Pvt.Ltd. | ||||||
| Lead Managers | Ambit Pvt.Ltd. | Bajaj Capital Ltd. | ||||||
| Necessity of the buyback | The Buyback is being undertaken, inter-alia, for the following reasons: 1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders. 2. The Buyback may help in improving the Company's return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value. | The buyback is being undertaken for the following reason: 1. The Buy-back is being undertaken by the Company to return surplus funds to the equity shareholders of the Company. 2. The Company believes that the Buy-back will improve return on equity, by reducing in equity base, thereby leading to a long-term increase in the value of shareholders. |
Garware Technical Fibres Buyback and Kaveri Seed Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Garware Technical Fibres Buyback Buyback record date is Nov 04, 2022. Kaveri Seed Buyback 2022 Buyback record date is .
| Garware Technical Fibres Ltd. | Kaveri Seed Company Ltd | |
|---|---|---|
| Record Date | Nov 04, 2022 | |
| Offer Open Date | Dec 05, 2022 | Nov 07, 2022 |
| Offer Closure Date | Dec 16, 2022 | Dec 27, 2022 |
| Last date for receipt of tender forms | Dec 16, 2022 | |
| Finalisation of buyback | Dec 26, 2022 | |
| Last Date for settlment of bids | Dec 27, 2022 | |
| Last Date for extinguishment of shares | Jan 03, 2023 |
Comparison of Garware Technical Fibres Buyback and Kaveri Seed Buyback 2022 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 NSE | Stock price at NSE (in preceding 3 months)
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