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Indus Towers Buyback 2024 vs Savita Oil Technologies Buyback 2024

Comparision between Indus Towers Buyback 2024 and Savita Oil Technologies Buyback 2024.

Buyback Details

Indus Towers Buyback 2024 is a Tender Offer buyback proposed to list at BSE, NSE while Savita Oil Technologies Buyback 2024 is a Tender Offer proposed to list at BSE, NSE.

  Indus Towers Limited Savita Oil Technologies Limited
Logo Indus Towers Buyback 2024 Logo Savita Oil Technologies Buyback 2024 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹2 per share
Buyback Price ₹465 per share ₹675 per share
Issue Size 5,67,74,193 shares 5,40,000 shares
Issue Size (Amount) ₹2,640.00 Crores ₹36.45 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 4 Fully paid-up Equity Shares held on the Record Date.8,516,129.00
General Category for all other Eligible Shareholders5 Equity Shares out of every 139 Fully paid-up Equity Shares held on the Record Date.48,258,064.00
Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers Axis Capital Limited Saffron Capital Advisors Private Limited
Necessity of the buyback

The Buyback is being undertaken, inter-alia, for the following reasons:

  • The current Buyback is in line with the Company's Shareholder-friendly capital allocation practices of enhancing overall Shareholders' value, thereby improving earnings per Share, and optimizing returns to Shareholders.
  • The Buyback, which is being implemented through the Tender Offer route as prescribed under the Buyback Regulations, would involve allocation of number of Equity Shares as per their entitlement or 15% (fifteen percent) of the number of Equity Shares to be bought back, whichever is higher, reserved for Small Shareholders. The Company believes that this reservation for Small Shareholders would benefit a large number of public Shareholders, who would get classified as "small shareholders" as per Regulation 2(i)(n) of the Buyback Regulations.
  • The Buyback gives the Eligible Shareholders the choice to either:
    • participate in the Buyback and receive cash in lieu of their Equity Shares which are accepted under the Buyback; or
    • not to participate in the Buyback and get a resultant increase in their percentage shareholding in the Company post the Buyback, without additional investment.

The Buy-Back is being undertaken, inter-alia, for the following reasons:

  1. The buyback will help the company to return the surplus cash to its shareholders holding equity shares.
  2. The buyback is expected to improve return on equity through the distribution of cash and improve earnings per share by reducing the equity base; thereby increasing in long-term increase in shareholder value.
  3. The buyback gives an option to the shareholders holding equity shares of the company, either to sell their equity shares and receive cash or not to sell their equity shares and get a resultant increase in their percentage shareholding, post the buyback offer, without additional investment.
  4. The buyback, which is being implemented through the tender offer as prescribed under the buyback regulations, would involve a minimum reservation of 15% for small shareholders and allocation of a higher number of shares as per their entitlement or 15% of the number of shares to be bought back, reserved for the small shareholders. The company believes that this reservation for small shareholders would benefit a large number of public shareholders, who would be classified as small shareholders.

Buyback Timetable

Indus Towers Buyback 2024 and Savita Oil Technologies Buyback 2024 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Indus Towers Buyback 2024 Buyback record date is Aug 09, 2024. Savita Oil Technologies Buyback 2024 Buyback record date is Aug 16, 2024.

  Indus Towers Limited Savita Oil Technologies Limited
Record Date Aug 09, 2024 Aug 16, 2024
Offer Open Date Aug 14, 2024 Aug 22, 2024
Offer Closure Date Aug 21, 2024 Aug 28, 2024
Last date for receipt of tender forms Aug 21, 2024 Aug 28, 2024
Finalisation of buyback Aug 27, 2024 Sep 02, 2024
Last Date for settlment of bids Aug 28, 2024 Sep 04, 2024
Last Date for extinguishment of shares Sep 06, 2024 Sep 12, 2024

Financial Details and Other Relevent Information

Comparison of Indus Towers Buyback 2024 and Savita Oil Technologies Buyback 2024 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Indus Towers Limited Savita Oil Technologies Limited
Financial

Indus Towers Limited Financial Information (Restated Consolidated)

Indus Towers Limited's revenue increased by 0.76% and profit after tax (PAT) rose by 195.89% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Revenue743.942,896.172,874.312,806.97
Profit After Tax192.59603.62204.00637.31
Net Worth2,647.182,454.361,849.951,941.86
Amount in ₹ Crore

Savita Oil Technologies Limited Financial Information (Restated Consolidated)

Savita Oil Technologies Limited's revenue increased by 4% and profit after tax (PAT) dropped by -11% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets
Revenue3,812.093,653.372,969.19
Profit After Tax200.76225.7260.49
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2024 375.05 307.45 344.21
May-2024 352.90 327.80 341.52
Apr-2024 359.65 300.65 334.13

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 642.05 555.30 606.41
Jun-2024 572.00 455.45 521.33
May-2024 584.35 496.05 530.29
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2024 375.30 307.95 344.29
May-2024 352.95 327.85 341.59
Apr-2024 359.50 300.55 334.20

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2024 642.15 555.45 606.48
Jun-2024 571.60 455.95 521.35
May-2024 584.60 496.65 527.58

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