FDC Buyback 2023 vs Tata Consultancy Services Buyback 2023

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

Buyback Details

FDC Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while Tata Consultancy Services Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

FDC Limited

Tata Consultancy Services Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹1 per share

Buyback Price

₹500 per share

₹4150 per share

Issue Size

31,00,000 shares

4,09,63,855 shares

Issue Size (Amount)

₹155.00 Crores

₹17,000.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	12 Equity Shares out of every 131 Fully paid-up Equity Shares held on the Record Date.	465,000.00
General Category for all other Eligible Shareholders	1 Equity Shares out of every 61 Fully paid-up Equity Shares held on the Record Date.	2,635,000.00

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	1 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 Shareholders	2 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

Lead Managers

Sundae Capital Advisors

Jm Financial Limited

Necessity of the buyback

The Buyback is being undertaken for the following reasons:

The Buyback will result in reduction in the overall capital employed in the business, which will, in turn lead to higher earnings per share and enhanced return on equity and return on capital employed, return on net worth, return on assets, etc and long term increase in shareholders' value.
The Buyback will help the Company to distribute surplus cash to its Members holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to Members.

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

FDC 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. FDC Buyback 2023 Buyback record date is Aug 25, 2023. Tata Consultancy Services Buyback 2023 Buyback record date is Nov 25, 2023.

	FDC Limited	Tata Consultancy Services Limited
Record Date	Aug 25, 2023	Nov 25, 2023
Offer Open Date	Aug 31, 2023	Dec 01, 2023
Offer Closure Date	Sep 06, 2023	Dec 07, 2023
Last date for receipt of tender forms	Sep 08, 2023	Dec 07, 2023
Finalisation of buyback	Sep 13, 2023	Dec 13, 2023
Last Date for settlment of bids	Sep 13, 2023	Dec 14, 2023
Last Date for extinguishment of shares	Sep 25, 2023	Dec 26, 2023

Financial Details and Other Relevent Information

Comparison of FDC 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.

FDC Limited

Tata Consultancy Services Limited

Financial

FDC Buyback 2023 Financial Information (Restated Standalone)
Period Ended	31 Mar 2022	31 Mar 2023
Assets	2,254.25	2,335.42
Revenue	1,597.70	1,830.94
Profit After Tax	219.64	200.97
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 Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets
Revenue	103,685.00	195,682.00	167,827.00	141,363.00
Profit After Tax	21,413.00	39,106.00	38,187.00	30,960.00
Net Worth	83,926.00	74,538.00	77,173.00	74,794.00
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
Jul-2023	350.20	306.80	334.45
Jun-2023	327.60	289.85	311.33
May-2023	314.95	281.40	298.28

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
Jul-2023	350.15	306.55	332.85
Jun-2023	327.95	291.25	311.40
May-2023	315.00	282.05	297.98

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

Compare with others

FDC Limited	Tata Consultancy Services Limited
Somany Ceramics Buyback 2023	Rajoo Engineers Buyback 2023
Tata Consultancy Services Buyback 2023	Elegant Marbles & Grani Industries Buyback 2023
Siyaram Silk Mills Buyback 2023	Gujarat Narmada Valley Fertilizers Buyback 2023
Sinclairs Hotels Buyback 2023	Atul Buyback 2023
KRBL Buyback 2023	Somany Ceramics Buyback 2023
CL Educate Buyback 2023	Siyaram Silk Mills Buyback 2023
Control Print (India) Buyback 2023	Sinclairs Hotels Buyback 2023
Piramal Enterprises Buyback 2023	KRBL Buyback 2023
Larsen & Toubro Buyback 2023	FDC Buyback 2023
Aarti Drugs Buyback 2023	CL Educate Buyback 2023

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