Comparison between Atul Buyback 2023 and Tata Consultancy Services Buyback 2023.
Atul Buyback 2023 is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Tata Consultancy Services Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.
| Atul Ltd. | Tata Consultancy Services Ltd. | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Logo |  |  | |||||||||
| Type of Buyback | Open Market Through Stock Exchange | Tender Offer | |||||||||
| Listing At | BSE, NSE | BSE, NSE | |||||||||
| Face Value | ₹10 per share | ₹1 per share | |||||||||
| Buyback Price | ₹7500 per share | ₹4150 per share | |||||||||
| Issue Size | 4,09,63,855 shares | ||||||||||
| Issue Size (Amount) | ₹50.00 Crores | ₹17,000.00 Crores | |||||||||
| Buyback Ratio |
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| Registrar | MUFG Intime India Pvt.Ltd. | MUFG Intime India Pvt.Ltd. | |||||||||
| Lead Managers | Vivro Financial Services Pvt.Ltd. | JM Financial Ltd. | |||||||||
| Necessity of the buyback | The buyback is being undertaken by the company to return the surplus funds to the equity shareholders of the company additionally the company believes that the buyback will improve the earnings per share by reduction in the equity base, thereby leading to a long term increase in the value of shareholders. | The current buyback is in line with the Company's shareholders-friendly capital allocation practice of returning excess cash to the shareholders thereby increasing shareholder value in the longer term and improving the return on equity |
Atul Buyback 2023 and Tata Consultancy Services Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Atul Buyback 2023 Buyback record date is . Tata Consultancy Services Buyback 2023 Buyback record date is Nov 25, 2023.
| Atul Ltd. | Tata Consultancy Services Ltd. | |
|---|---|---|
| Record Date | Nov 25, 2023 | |
| Offer Open Date | Nov 21, 2023 | Dec 01, 2023 |
| Offer Closure Date | Feb 23, 2024 | Dec 07, 2023 |
| Last date for receipt of tender forms | Dec 07, 2023 | |
| Finalisation of buyback | Dec 13, 2023 | |
| Last Date for settlment of bids | Dec 14, 2023 | |
| Last Date for extinguishment of shares | Dec 26, 2023 |
Comparison of Atul Buyback 2023 and Tata Consultancy Services Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
| Atul Ltd. | Tata Consultancy Services Ltd. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financial | Atul Limited Financial Information (Restated)Atul Limited's revenue increased by 3.51% and profit after tax (PAT) dropped by -9.12% between the financial year ending with March 31, 2023 and March 31, 2022.
| Tata Consultancy Services Limited Financial Information (Restated Consolidated)Tata Consultancy Services Limited's revenue increased by 16.6% and profit after tax (PAT) rose by 2.41% between the financial year ending with March 31, 2023 and March 31, 2022.
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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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