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Atul Buyback 2023 vs Tata Consultancy Services Buyback 2023

Comparision between Atul Buyback 2023 and Tata Consultancy Services Buyback 2023.

Buyback Details

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 Limited Tata Consultancy Services Limited
Logo Atul Buyback 2023 Logo Tata Consultancy Services Buyback 2023 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
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 6 Fully paid-up Equity Shares held on the Record Date.6,144,579.00
General Category for all other Eligible Shareholders2 Equity Shares out of every 209 Fully paid-up Equity Shares held on the Record Date.34,819,276.00
Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Lead Managers Vivro Financial Services Private Limited Jm Financial Limited
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

Buyback Timetable

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 Limited Tata Consultancy Services Limited
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

Financial Details and Other Relevent Information

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 Limited Tata Consultancy Services Limited
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.

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets5,430.905,350.636.316.40
Revenue5,261.225,082.8236.1639.83
Profit After Tax552.15607.5345.8738.49
Net Worth
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore

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.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets
Revenue103,685.00195,682.00167,827.00141,363.00
Profit After Tax21,413.0039,106.0038,187.0030,960.00
Net Worth83,926.0074,538.0077,173.0074,794.00
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2023 7060.00 6140.00 6674.89
Sep-2023 7586.95 6932.00 7314.09
Aug-2023 7349.90 6656.45 7022.06

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2023 3637.25 3337.75 3497.58
Sep-2023 3606.15 3379.20 3527.62
Aug-2023 3483.75 3357.05 3418.81
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2023 7060.20 6120.20 6618.15
Sep-2023 7589.90 6917.40 7283.50
Aug-2023 7350.00 6660.10 7032.32

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Oct-2023 3638.35 3336.75 3497.80
Sep-2023 3606.15 3379.20 3528.02
Aug-2023 3484.05 3356.80 3418.45

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