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CL Educate Buyback 2023 vs Larsen & Toubro Buyback 2023

Comparision between CL Educate Buyback 2023 and Larsen & Toubro Buyback 2023.

Buyback Details

CL Educate Buyback 2023 is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Larsen & Toubro Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

  CL Educate Limited Larsen & Toubro Limited
Logo CL Educate Buyback 2023 Logo Larsen & Toubro Buyback 2023 Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹5 per share ₹2 per share
Buyback Price ₹94 per share ₹3200 per share
Issue Size 3,12,50,000 shares
Issue Size (Amount) ₹15.00 Crores ₹10,000.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders9 Equity Shares out of every 38 Fully paid-up Equity Shares held on the Record Date.4,687,500.00
General Category for all other Eligible Shareholders11 Equity Shares out of every 574 Fully paid-up Equity Shares held on the Record Date.26,562,500.00
Registrar Kfin Technologies Limited Kfin Technologies Limited
Lead Managers V B Desai Financial Services Limited Jm Financial Limited

Axis Capital Limited
Necessity of the buyback

The Buyback is being undertaken for the following reasons

(i) The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares;

(ii) The Buyback may help in improving return on equity, by reduction in the equity base, thereby leading to an increase in shareholders' value; and

(iii) The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares to be accepted under the Buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.

The Buyback is being undertaken for the following reasons:

1. The Buyback will help the Company to distribute surplus cash to its shareholders 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 a reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders' value.

Buyback Timetable

CL Educate Buyback 2023 and Larsen & Toubro Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. CL Educate Buyback 2023 Buyback record date is . Larsen & Toubro Buyback 2023 Buyback record date is Sep 12, 2023.

  CL Educate Limited Larsen & Toubro Limited
Record Date Sep 12, 2023
Offer Open Date Aug 21, 2023 Sep 18, 2023
Offer Closure Date Nov 28, 2023 Sep 25, 2023
Last date for receipt of tender forms Sep 25, 2023
Finalisation of buyback Sep 27, 2023
Last Date for settlment of bids Sep 28, 2023
Last Date for extinguishment of shares Oct 11, 2023

Financial Details and Other Relevent Information

Comparison of CL Educate Buyback 2023 and Larsen & Toubro Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  CL Educate Limited Larsen & Toubro Limited
Financial

CL Educate Limited Financial Information (Restated Consolidated)

CL Educate Limited's revenue increased by 37.73% and profit after tax (PAT) rose by 63.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Assets372.83347.78351.67421.46493.93
Revenue297.71216.16191.91323.92352.50
Profit After Tax22.5313.79-12.60-53.0619.98
Net Worth
Reserves and Surplus247.24247.48232.82291.68346.98
Total Borrowing
Amount in ₹ Crore
Larsen & Toubro Buyback 2023 Financial Information (Restated Standalone)
Period Ended31 Mar 202131 Mar 202231 Mar 202330 Jun 2023
Assets
Revenue90,615.77104,613.06114,535.9327,788.77
Profit After Tax3,147.317,879.457,848.971,792.36
Net Worth61,737.8267,114.0571,527.95
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2023 77.90 64.10 71.72
Jun-2023 71.70 60.70 66.68
May-2023 72.09 51.91 60.63

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2023 2687.90 2419.95 2520.89
Jun-2023 2482.95 2202.20 2351.99
May-2023 2416.00 2168.65 2262.49
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2023 79.00 64.05 72.14
Jun-2023 71.80 61.15 67.85
May-2023 72.20 51.75 60.02

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2023 2690.00 2420.00 2520.59
Jun-2023 2483.50 2202.15 2352.20
May-2023 2416.35 2168.50 2262.64

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