SMC Global Securities Buyback vs Zydus Lifesciences Buyback

The buyback aims to utilize the net proceeds towards the following objectives:

• To improve the return on equity through the distribution of cash.
• To improve earnings per share by reducing the equity base, thereby leading to a long-term increase in the value of shareholders.
• The Buyback offer is a strategic decision of the company taken based on the assimilation of the operational cash needs in the medium term and for returning surplus funds to the members effectively and efficiently.

The buyback is being undertaken for the following reason:

1. The Buyback will help the Company to distribute a part of the surplus cash to its shareholders holding Equity Shares thereby, optimizing returns to the shareholders and enhancing the overall shareholders' value in longer term and improving the return on equity.