Birlasoft Limited Buyback vs Motilal Oswal Financial Services Buyback

Comparision 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 Limited

Motilal Oswal Financial Services Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹2 per share

₹1 per share

Buyback Price

₹500 per share

₹1100 per share

Issue Size

78,00,000 shares

14,54,545 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.

Registrar

Link Intime India Private Ltd

Lead Managers

Kotak Mahindra Capital Company Limited

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 Limited	Motilal Oswal Financial Services Limited
Record Date	Jul 15, 2022	May 27, 2022
Offer Open Date	Aug 11, 2022	Jun 24, 2022
Offer Closure Date	Aug 26, 2022	Jul 07, 2022
Last date for receipt of tender forms	Aug 26, 2022	Jul 11, 2022
Finalisation of buyback	Sep 06, 2022	Jul 15, 2022
Last Date for settlment of bids	Sep 07, 2022	Jul 18, 2022
Last Date for extinguishment of shares	Sep 14, 2022	Jul 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 Limited

Motilal Oswal Financial Services Limited

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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Motilal Oswal Financial Services Buyback	Sarda Energy & Minerals Buyback

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