Comparison between Mindteck India Buyback and Tanla Platforms Buyback 2022.
Mindteck India Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Tanla Platforms Buyback 2022 is a Tender Offer proposed to list at BSE, NSE.
| Mindteck (India) Ltd. | Tanla Platforms Ltd. | |||||||
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| Logo |  |  | ||||||
| Type of Buyback | Open Market Through Stock Exchange | Tender Offer | ||||||
| Listing At | BSE, NSE | BSE, NSE | ||||||
| Face Value | ₹10 per share | ₹1 per share | ||||||
| Buyback Price | ₹180 per share | ₹1200 per share | ||||||
| Issue Size | 14,16,667 shares | |||||||
| Issue Size (Amount) | ₹13.70 Crores | ₹170.00 Crores | ||||||
| Buyback Ratio |
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| Registrar | Universal Capital Securities Pvt.Ltd. | Kfin Technologies Ltd. | ||||||
| Lead Managers | Vivro Financial Services Pvt.Ltd. | HDFC Bank Ltd. | ||||||
| Necessity of the buyback | 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. Additionally, the Company believes that the Buy-back will improve earnings per share by reduction in the equity base, thereby leading to long-term increase in the value of shareholders. | The Buyback is being undertaken for the following reasons:
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Mindteck India Buyback and Tanla Platforms Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Mindteck India Buyback Buyback record date is . Tanla Platforms Buyback 2022 Buyback record date is Oct 25, 2022.
| Mindteck (India) Ltd. | Tanla Platforms Ltd. | |
|---|---|---|
| Record Date | Oct 25, 2022 | |
| Offer Open Date | Aug 24, 2022 | Dec 20, 2022 |
| Offer Closure Date | Jan 30, 2023 | Jan 02, 2023 |
| Last date for receipt of tender forms | Jan 02, 2023 | |
| Finalisation of buyback | Jan 10, 2023 | |
| Last Date for settlment of bids | Jan 11, 2023 | |
| Last Date for extinguishment of shares | Jan 18, 2023 |
Comparison of Mindteck India Buyback and Tanla Platforms 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.
| Mindteck (India) Ltd. | Tanla Platforms Ltd. | ||||||||||||||||||||||||||||||||||||||||||||||
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| Stock price at BSE | Stock price at BSE (in preceding 3 months)
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| Stock price at NSE | Stock price at NSE (in preceding 3 months)
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