Comparison between Granules India Buyback and Tanla Platforms Buyback 2022.
Granules India Buyback is a Tender Offer buyback proposed to list at BSE while Tanla Platforms Buyback 2022 is a Tender Offer proposed to list at BSE, NSE.
| Granules India Ltd. | Tanla Platforms Ltd. | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Logo |  |  | ||||||||||||
| Type of Buyback | Tender Offer | Tender Offer | ||||||||||||
| Listing At | BSE | BSE, NSE | ||||||||||||
| Face Value | ₹1 per share | ₹1 per share | ||||||||||||
| Buyback Price | ₹400 per share | ₹1200 per share | ||||||||||||
| Issue Size | 62,50,000 shares | 14,16,667 shares | ||||||||||||
| Issue Size (Amount) | ₹250.00 Crores | ₹170.00 Crores | ||||||||||||
| Buyback Ratio |
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| Registrar | Kfin Technologies Ltd. | Kfin Technologies Ltd. | ||||||||||||
| Lead Managers | Motilal Oswal Investment Advisors 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 distribute surplus cash to its members holding Equity Shares thereby enhancing the overall return for them. 2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by the reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders' value. | The Buyback is being undertaken for the following reasons:
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Granules India 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. Granules India Buyback Buyback record date is Aug 23, 2022. Tanla Platforms Buyback 2022 Buyback record date is Oct 25, 2022.
| Granules India Ltd. | Tanla Platforms Ltd. | |
|---|---|---|
| Record Date | Aug 23, 2022 | Oct 25, 2022 |
| Offer Open Date | Sep 27, 2022 | Dec 20, 2022 |
| Offer Closure Date | Oct 11, 2022 | Jan 02, 2023 |
| Last date for receipt of tender forms | Oct 11, 2022 | Jan 02, 2023 |
| Finalisation of buyback | Oct 19, 2022 | Jan 10, 2023 |
| Last Date for settlment of bids | Oct 20, 2022 | Jan 11, 2023 |
| Last Date for extinguishment of shares | Oct 25, 2022 | Jan 18, 2023 |
Comparison of Granules India 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.
| Granules India Ltd. | Tanla Platforms Ltd. | ||||||||||||||||||||||||||||||||||||||||||||||
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| Stock price at BSE | Stock price at BSE (in preceding 3 months)
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| Stock price at NSE | Stock price at NSE (in preceding 3 months)
| Stock price at NSE (in preceding 3 months)
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