Bajaj Consumer Care Buyback vs Softsol India Buyback 2022

Comparison between Bajaj Consumer Care Buyback and Softsol India Buyback 2022.

Buyback Details

Bajaj Consumer Care Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Softsol India Buyback 2022 is a Tender Offer proposed to list at BSE.

 Bajaj Consumer Care LtdSoftsol India Ltd.
LogoBajaj Consumer Care Buyback LogoSoftsol India Buyback 2022 Logo
Type of BuybackOpen Market Through Stock ExchangeTender Offer
Listing AtBSE, NSEBSE
Face Value₹1 per share₹10 per share
Buyback Price₹240 per share₹170 per share
Issue Size20,58,824 shares
Issue Size (Amount)₹80.89 Crores₹35.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders9 Equity Shares out of every 11 Fully paid-up Equity Shares held on the Record Date.308,824.00
General Category for all other Eligible Shareholders5 Equity Shares out of every 47 Fully paid-up Equity Shares held on the Record Date.1,750,000.00
RegistrarKfin Technologies Ltd.Kfin Technologies Ltd.
Lead ManagersICICI Securities Ltd.Akasam Consulting Pvt.Ltd.
Necessity of the buyback

The buyback is being undertaken for the following reason:

  • To return surplus cash to its shareholders.
  • Improve return on equity and thereby increase shareholder value.

The Buyback is being undertaken for the following reasons:

  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 may help improve return on equity by reducing the equity base, thereby leading to a long-term increase in shareholders' value.

Buyback Timetable

Bajaj Consumer Care Buyback and Softsol India Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Bajaj Consumer Care Buyback Buyback record date is . Softsol India Buyback 2022 Buyback record date is Jan 13, 2023.

 Bajaj Consumer Care LtdSoftsol India Ltd.
Record DateJan 13, 2023
Offer Open DateDec 19, 2022Mar 03, 2023
Offer Closure DateApr 13, 2023Mar 17, 2023
Last date for receipt of tender formsMar 17, 2023
Finalisation of buybackMar 21, 2023
Last Date for settlment of bidsMar 23, 2023
Last Date for extinguishment of sharesMar 30, 2023

Financial Details and Other Relevent Information

Comparison of Bajaj Consumer Care Buyback and Softsol India Buyback 2022 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Bajaj Consumer Care LtdSoftsol India Ltd.
Financial
Bajaj Consumer Care Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After Tax
31-Mar-21893.66956.36223.13
31-Mar-22931.45918.6169.64
Amount in ₹ Crore
Softsol India Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-2027.737.72140.35123.11
31-Mar-2126.7910.85151.36134.12
31-Mar-2226.764.33162.17144.93
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 167.55 151.70 158.52
Oct-2022 161.95 145.65 153.97
Sep-2022 170.45 152.25 160.81

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 399.00 349.95 371.61
Oct-2022 389.60 366.45 378.66
Sep-2022 381.30 341.00 364.85
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 168.20 151.85 158.60
Oct-2022 161.95 145.55 154.02
Sep-2022 170.55 153.10 160.82

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 398.70 346.00 371.75
Oct-2022 388.00 367.95 379.02
Sep-2022 382.00 350.80 365.25

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Bajaj Consumer Care Buyback and Softsol India Buyback 2022