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ACC Limited Buyback vs Tanla Platforms Buyback 2022

Comparison between ACC Limited Buyback and Tanla Platforms Buyback 2022.

Buyback Details

ACC Limited Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Tanla Platforms Buyback 2022 is a Tender Offer proposed to list at BSE, NSE.

 ACC Ltd.Tanla Platforms Ltd.
LogoACC Limited Buyback LogoTanla Platforms Buyback 2022 Logo
Type of BuybackOpen Market Through Stock ExchangeTender Offer
Listing AtBSE, NSEBSE, NSE
Face Value₹10 per share₹1 per share
Buyback Price₹2300 per share₹1200 per share
Issue Size14,16,667 shares
Issue Size (Amount)₹11,259.98 Crores₹170.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 17 Equity Share out of every 625 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 11 Equity Shares out of every 1169 Fully paid-up Equity Shares held on the Record Date.
RegistrarMUFG Intime India Pvt.Ltd.Kfin Technologies Ltd.
Lead ManagersDeutsche Equities India Pvt.Ltd.HDFC Bank Ltd.
Necessity of the buyback

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 in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders' value.

Buyback Timetable

ACC Limited Buyback and Tanla Platforms Buyback 2022 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. ACC Limited Buyback Buyback record date is . Tanla Platforms Buyback 2022 Buyback record date is Oct 25, 2022.

 ACC Ltd.Tanla Platforms Ltd.
Record DateOct 25, 2022
Offer Open DateAug 26, 2022Dec 20, 2022
Offer Closure DateSep 09, 2022Jan 02, 2023
Last date for receipt of tender formsJan 02, 2023
Finalisation of buybackJan 10, 2023
Last Date for settlment of bidsJan 11, 2023
Last Date for extinguishment of sharesJan 18, 2023

Financial Details and Other Relevent Information

Comparison of ACC Limited Buyback and Tanla Platforms 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.

 ACC Ltd.Tanla Platforms Ltd.
Financial
ACC Limited Financial Information (Restated)
Period EndedTotal RevenueNet Worth
31-Dec-1915975.9811546.93
31-Dec-2014002.7212702.37
31-Dec-2116358.3814312.18
Amount in ₹ Crore
Tanla Platforms Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-201955.2-211.17701.73687.14
31-Mar-212363.4356.14893.1879.5
31-Mar-223222.1539.281354.041340.47
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2022 1638.20 1402.80 1501.19
May-2022 1503.65 1144.00 1278.79
Jun-2022 1447.00 938.50 1155.91
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Apr-2022 893.80 710.20 779.44
May-2022 825.00 684.00 736.80
Jun-2022 1025.00 584.50 915.73

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Compare:

ACC Limited Buyback and Tanla Platforms Buyback 2022