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Birlasoft Limited Buyback vs Motilal Oswal Financial Services Buyback

Comparison between Birlasoft Limited Buyback and Motilal Oswal Financial Services Buyback.

Buyback Details

Birlasoft Limited Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Motilal Oswal Financial Services Buyback is a Tender Offer proposed to list at BSE, NSE.

 Birlasoft Ltd.Motilal Oswal Financial Services Ltd.
LogoBirlasoft Limited Buyback LogoMotilal Oswal Financial Services Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹2 per share₹1 per share
Buyback Price₹500 per share₹1100 per share
Issue Size78,00,000 shares14,54,545 shares
Issue Size (Amount)₹390.00 Crores₹160.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 26 Equity Share out of every 557 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 26 Equity Shares out of every 557 Fully paid-up Equity Shares held on the Record Date.
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 7 Equity Share out of every 76 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 3 Equity Shares out of every 356 Fully paid-up Equity Shares held on the Record Date.
RegistrarMUFG Intime India Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Lead ManagersKotak Mahindra Capital Co.Ltd.Ernst & Young Merchant Banking Services LLP
Necessity of the buyback

The buyback is being undertaken for the following reasons:

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

The buyback is being undertaken for the following reasons:

  • 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.
  • The Buyback will help the Company to optimise the capital structure.
  • The Buyback would 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.

Buyback Timetable

Birlasoft Limited Buyback and Motilal Oswal Financial Services Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Birlasoft Limited Buyback Buyback record date is Jul 15, 2022. Motilal Oswal Financial Services Buyback Buyback record date is May 27, 2022.

 Birlasoft Ltd.Motilal Oswal Financial Services Ltd.
Record DateJul 15, 2022May 27, 2022
Offer Open DateAug 11, 2022Jun 24, 2022
Offer Closure DateAug 26, 2022Jul 07, 2022
Last date for receipt of tender formsAug 26, 2022Jul 11, 2022
Finalisation of buybackSep 06, 2022Jul 15, 2022
Last Date for settlment of bidsSep 07, 2022Jul 18, 2022
Last Date for extinguishment of sharesSep 14, 2022Jul 25, 2022

Financial Details and Other Relevent Information

Comparison of Birlasoft Limited Buyback and Motilal Oswal Financial Services Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Birlasoft Ltd.Motilal Oswal Financial Services Ltd.
Financial
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Million)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Income 41,965.5 35,747 33,339.6
Profit After Tax 4,636.4 3,208.3 2,243.5
Net Worth 25,830.5 21,799.3 18,924.2
Summary of financial Information (Consolidated)
Particulars For the year/period ended (Rs. in Lakh)
  31-Mar-22 31-Mar-21 31-Mar-20
Total Income 4,31,982.51 3,63,411.26 2,36,541
Profit After Tax 1,31,071.50 1,20,294.80 21,539.59
Net Worth 5,67,463.20 4,46,345.60 3,08,188.54
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2022 390.30 316.35 356.09
May-2022 418.85 336.55 377.49
Apr-2022 501.65 405.20 447.59

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2022 960.00 858.70 902.42
Mar-2022 949.75 806.35 864.35
Feb-2022 959.55 823.25 903.33
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2022 390.50 316.45 356.16
May-2022 419.10 338.25 377.50
Apr-2022 501.60 405.10 447.64

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2022 960.00 858.05 903.04
Mar-2022 948.70 805.60 864.20
Feb-2022 959.85 824.00 903.49

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Birlasoft Limited Buyback and Motilal Oswal Financial Services Buyback