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Comparision between CL Educate Buyback 2023 and Tata Consultancy Services Buyback 2023.
CL Educate 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.
| CL Educate Limited | Tata Consultancy Services Limited | ||||||||||
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| Type of Buyback | Open Market Through Stock Exchange | Tender Offer | |||||||||
| Listing At | BSE, NSE | BSE, NSE | |||||||||
| Face Value | ₹5 per share | ₹1 per share | |||||||||
| Buyback Price | ₹94 per share | ₹4150 per share | |||||||||
| Issue Size | 4,09,63,855 shares | ||||||||||
| Issue Size (Amount) | ₹15.00 Crores | ₹17,000.00 Crores | |||||||||
| Buyback Ratio |
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| Registrar | Kfin Technologies Limited | Link Intime India Private Ltd | |||||||||
| Lead Managers | V B Desai Financial Services Limited | Jm Financial Limited | |||||||||
| Necessity of the buyback | The Buyback is being undertaken for the following reasons (i) The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares; (ii) The Buyback may help in improving return on equity, by reduction in the equity base, thereby leading to an increase in shareholders' value; and (iii) The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares to be accepted under the Buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment. |
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 |
CL Educate 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. CL Educate Buyback 2023 Buyback record date is . Tata Consultancy Services Buyback 2023 Buyback record date is Nov 25, 2023.
| CL Educate Limited | Tata Consultancy Services Limited | |
|---|---|---|
| Record Date | Nov 25, 2023 | |
| Offer Open Date | Aug 21, 2023 | Dec 01, 2023 |
| Offer Closure Date | Nov 28, 2023 | 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 CL Educate 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.
| CL Educate Limited | Tata Consultancy Services Limited | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financial | CL Educate Limited Financial Information (Restated Consolidated)CL Educate Limited's revenue increased by 37.73% and profit after tax (PAT) rose by 63.4% between the financial year ending with March 31, 2023 and March 31, 2022.
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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 BSE (in preceding 3 months)
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| Stock price at NSE | Stock price at NSE (in preceding 3 months)
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Stock price at NSE (in preceding 3 months)
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