NIIT Buyback vs Smartlink Holdings Buyback

Comparision between NIIT Buyback and Smartlink Holdings Buyback.

Buyback Details

NIIT Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Smartlink Holdings Buyback is a Tender Offer proposed to list at BSE, NSE.

NIIT Limited

Smartlink Holdings Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹2 per share

Buyback Price

₹240 per share

₹95 per share

Issue Size

98,75,000 shares

33,25,000 shares

Issue Size (Amount)

₹237.00 Crores

₹31.59 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	102 Equity Shares for every 919 Equity Shares held on the Record Date
General Category for all other Eligible Shareholders	19 Equity Shares for every 292 Equity Shares held on the Record Date

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	1 Equity Share out of every 4 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	1 Equity Share out of every 4 Equity Shares held on the Record Date.

Registrar

Link Intime India Private Ltd

Kfin Technologies Limited

Lead Managers

Jm Financial Limited

ICICI Securities Limited

Necessity of the buyback

The Buyback is being undertaken by the Company to:
i) To return surplus funds to the Equity Shareholders; and
ii) To help improve financial ratios like earnings per share and return on equity, by reducing the equity capital of the Company.

The Buyback aims to :
i) Return surplus cash to the shareholders and enhance overall return to the shareholders.
ii) Improve Return on Equity to enhance shareholder value in the long term.

Buyback Timetable

NIIT Buyback and Smartlink Holdings Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. NIIT Buyback Buyback record date is Feb 24, 2021. Smartlink Holdings Buyback Buyback record date is Mar 01, 2021.

	NIIT Limited	Smartlink Holdings Limited
Record Date	Feb 24, 2021	Mar 01, 2021
Offer Open Date	Apr 12, 2021	Apr 30, 2021
Offer Closure Date	Apr 28, 2021	May 14, 2021
Last date for receipt of tender forms	Apr 30, 2021	May 17, 2021
Finalisation of buyback	May 06, 2021	May 21, 2021
Last Date for settlment of bids	May 07, 2021	May 25, 2021
Last Date for extinguishment of shares	May 14, 2021	Jun 01, 2021

Financial Details and Other Relevent Information

Comparison of NIIT Buyback and Smartlink Holdings Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

NIIT Limited

Smartlink Holdings Limited

Financial

Summary of financial Information (consolidated)
Particulars	For the year/period ended (Rs. in Lakhs)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Income	1,00,598	87,136	85,909
Profit After Tax	1,32,718	8,720	6,368
Net Worth	96,292	28,350	18,938

Summary of financial Information (consolidated)
Particulars	For the year/period ended (Rs. in Millions)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Income	757.02	1,080.57	984.49
Profit After Tax	(142.66)	(29.49)	(33.08)
Net Worth	1,793.67	2,510.38	3,123.37

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jan-2021	205.95	187.65	198.63
Dec-2020	207.35	168.75	182.88
Nov-2020	190.35	131.50	153.42

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Feb-2021	92.40	83.50	88.41
Jan-2021	92.00	84.30	87.96
Dec-2021	107.45	72.60	90.36

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jan-2021	206.15	187.60	198.60
Dec-2020	207.30	168.85	182.97
Nov-2020	190.50	131.50	153.43

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Feb-2021	92.60	86.50	88.24
Jan-2021	92.00	84.30	87.96
Dec-2021	107.45	72.60	90.36

Compare with others

NIIT Limited	Smartlink Holdings Limited
Smartlink Holdings Buyback	Welspun India Buyback
Aarti Drugs Buyback	Navneet Education Buyback
Insecticides India Buyback	Infobeans Technologies Buyback
Gujarat Apollo Industries Buyback	Quick Heal Technologies Buyback
Savita Oil Buyback	SIS Buyback
Suprajit Engineering Buyback	Aarti Drugs Buyback
Bharat Rasayan Buyback	Insecticides India Buyback
Jagran Prakashan Buyback	Gujarat Apollo Industries Buyback
Nava Bharat Ventures Buyback	Savita Oil Buyback
Indian Toners & Developers Buyback	NIIT Buyback

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