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Comparision between SIS Limited Buyback and TCI Express Buyback.
SIS Limited Buyback is a Tender Offer buyback proposed to list at BSE while TCI Express Buyback is a Open Market Through Stock Exchange proposed to list at BSE.
SIS Limited | TCI Express Limited | |||||||
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Logo | ||||||||
Type of Buyback | Tender Offer | Open Market Through Stock Exchange | ||||||
Listing At | BSE | BSE | ||||||
Face Value | ₹5 per share | ₹2 per share | ||||||
Buyback Price | ₹550 per share | ₹2050 per share | ||||||
Issue Size | 14,54,545 shares | |||||||
Issue Size (Amount) | ₹80.00 Crores | ₹75.00 Crores | ||||||
Buyback Ratio |
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Registrar | Link Intime India Private Ltd | Kfin Technologies Limited | ||||||
Lead Managers | Edelweiss Financial Services Ltd | Motilal Oswal Investment Advisors Limited | ||||||
Necessity of the buyback | The Buyback is being undertaken for the following reasons:
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The buyback is being undertaken for the following reasons: 1. The Buyback is generally expected to improve return on equity, through distribution of cash and improve eamings per share by reduction in the Equity base, thereby leading to long term increase in Members' value. |
SIS Limited Buyback and TCI Express Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. SIS Limited Buyback Buyback record date is Aug 30, 2022. TCI Express Buyback Buyback record date is .
SIS Limited | TCI Express Limited | |
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Record Date | Aug 30, 2022 | |
Offer Open Date | Oct 04, 2022 | Aug 18, 2022 |
Offer Closure Date | Oct 18, 2022 | Feb 13, 2023 |
Last date for receipt of tender forms | Oct 27, 2022 | |
Finalisation of buyback | Oct 28, 2022 | |
Last Date for settlment of bids | Oct 31, 2022 | |
Last Date for extinguishment of shares | Nov 07, 2022 |
Comparison of SIS Limited Buyback and TCI Express Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
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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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