ACC Limited Buyback vs SP Apparels Buyback

Comparison between ACC Limited Buyback and SP Apparels Buyback.

Buyback Details

ACC Limited Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while SP Apparels Buyback is a Tender Offer proposed to list at BSE, NSE.

	ACC Ltd.	S.P. Apparels Ltd
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Type of Buyback	Open Market Through Stock Exchange	Tender Offer
Listing At	BSE, NSE	BSE, NSE
Face Value	₹10 per share	₹10 per share
Buyback Price	₹2300 per share	₹585 per share
Issue Size		6,00,000 shares
Issue Size (Amount)	₹11,259.98 Crores	₹35.10 Crores
Buyback Ratio		Category Entitlement Ratio of Buyback Reserved Category for Small Shareholders 2 Equity Share out of every 27 Fully paid-up Equity Shares held on the Record Date. General Category for all other Eligible Shareholders 1 Equity Shares out of every 48 Fully paid-up Equity Shares held on the Record Date.
Registrar	MUFG Intime India Pvt.Ltd.	MUFG Intime India Pvt.Ltd.
Lead Managers	Deutsche Equities India Pvt.Ltd.	Motilal Oswal Investment Advisors Ltd.
Necessity of the buyback		The Buyback is being undertaken for the following reasons: The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby, enhancing the overall return to shareholders. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by a reduction in the equity base of the Company, thereby leading to a long term increase in shareholders' value.