Comparison between Asahi Songwon Colors Buyback and Sinclairs Hotels Buyback.
Asahi Songwon Colors Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Sinclairs Hotels Buyback is a Tender Offer proposed to list at BSE.
| Asahi Songwon Colors Ltd. | Sinclairs Hotels Ltd. | |||||||
|---|---|---|---|---|---|---|---|---|
| Logo |  |  | ||||||
| Type of Buyback | Tender Offer | Tender Offer | ||||||
| Listing At | BSE, NSE | BSE | ||||||
| Face Value | ₹10 per share | ₹2 per share | ||||||
| Buyback Price | ₹400 per share | ₹143 per share | ||||||
| Issue Size | 2,40,000 shares | 7,00,000 shares | ||||||
| Issue Size (Amount) | ₹9.60 Crores | ₹10.01 Crores | ||||||
| Buyback Ratio |
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| Registrar | MUFG Intime India Pvt.Ltd. | Niche Technologies Pvt.Ltd. | ||||||
| Lead Managers | Systematix Corporate Services Ltd. | |||||||
| Necessity of the buyback | The buyback is being undertaken for the following reasons: 1. The Buyback would help in improving its return on equity, by reducing the equity base, thereby leading to a long term increase in shareholders' value. 2. The Buyback will help the company to distribute surplus cash to its shareholders holding Equity shares broadly to the proportion of their shareholding, thereby, enhancing the overall return to shareholders. | The buyback is being undertaken for the following reason: 1. The Buyback will help the Company to return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders. 2. The Buyback would help in improving return on equity, by the reduction in the equity base, thereby leading to a long term increase in shareholders' value. |
Asahi Songwon Colors Buyback and Sinclairs Hotels Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Asahi Songwon Colors Buyback Buyback record date is Jun 03, 2022. Sinclairs Hotels Buyback Buyback record date is May 13, 2022.
| Asahi Songwon Colors Ltd. | Sinclairs Hotels Ltd. | |
|---|---|---|
| Record Date | Jun 03, 2022 | May 13, 2022 |
| Offer Open Date | Jun 22, 2022 | Jun 03, 2022 |
| Offer Closure Date | Jul 05, 2022 | Jun 16, 2022 |
| Last date for receipt of tender forms | Jul 05, 2022 | |
| Finalisation of buyback | Jul 12, 2022 | |
| Last Date for settlment of bids | Jul 13, 2022 | |
| Last Date for extinguishment of shares | Jul 20, 2022 |
Comparison of Asahi Songwon Colors Buyback and Sinclairs Hotels Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
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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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