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Cheviot Company Buyback vs TCS Buyback

Comparison between Cheviot Company Buyback and TCS Buyback.

Buyback Details

Cheviot Company Buyback is a Tender Offer buyback proposed to list at BSE while TCS Buyback is a Tender Offer proposed to list at BSE, NSE.

 Cheviot Company Ltd.Tata Consultancy Services
LogoCheviot Company Buyback LogoTCS Buyback Logo
Type of BuybackTender OfferTender Offer
Listing AtBSEBSE, NSE
Face Value₹10 per share₹1 per share
Buyback Price₹1725 per share₹4500 per share
Issue Size2,50,000 shares4,00,00,000 shares
Issue Size (Amount)₹43.13 Crores₹18,000.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 13 Equity Shares out of every 141 shares held on the record date.
General Category for all other Eligible Shareholders 31 Equity Shares out of every 854 shares held on the record date.
Buyback Ratio Calculation
RegistrarMaheshwari Datamatics Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Lead ManagersVC Corporate Advisors Pvt.Ltd.JM Financial Ltd.
Necessity of the buyback

The Buyback aims to :
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like Earnings per share (EPS), Return on assets (ROA) and Return on Equity (ROE).

The Buyback aims to :
i) Return excess cash to the shareholders.
ii) Increase shareholder's value in the long term; and
iii) Improve Return on Equity.

Buyback Timetable

Cheviot Company Buyback and TCS Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Cheviot Company Buyback Buyback record date is Dec 17, 2021. TCS Buyback Buyback record date is Feb 23, 2022.

 Cheviot Company Ltd.Tata Consultancy Services
Record DateDec 17, 2021Feb 23, 2022
Offer Open DateJan 10, 2022Mar 09, 2022
Offer Closure DateJan 21, 2022Mar 23, 2022
Last date for receipt of tender formsJan 25, 2022Mar 23, 2022
Finalisation of buybackJan 28, 2022Mar 31, 2022
Last Date for settlment of bidsJan 31, 2022Apr 01, 2022
Last Date for extinguishment of sharesFeb 09, 2022Apr 08, 2022

Financial Details and Other Relevent Information

Comparison of Cheviot Company Buyback and TCS Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

 Cheviot Company Ltd.Tata Consultancy Services
Financial
Summary of financial Information Standalone)
Particulars For the year/period ended (Rs. in Millions)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Income 2,705.19 4,413.03 4,677.62 4,166.73
Profit After Tax 476.14 757.23 481.21 501.78
Net Worth 4,398.25 5,014.98 4,659.72 4,451.81
Reserves and Surplus 4,335.55 4,952.27 4,595.01 4,387.11
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Dec-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Income 1,233,870.00 1,413,630.00 1,393,830.00 1,307,970.00
Profit After Tax 283,920.00 309,600.00 332,600.00 300,650.00
Net Worth 923,929.10 747,939.10 743,682.40 788,982.40
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 1390.00 1131.00 1224.93
Oct-2021 1305.00 1102.00 1223.67
Sep-2021 1369.95 1250.00 1308.24

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 3857.00 3695.60 3782.93
Jan-2022 4019.10 3650.10 3847.53
Dec-2021 3736.85 3534.35 3630.88
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 3856.20 3694.95 3782.74
Jan-2022 4019.15 3649.25 3847.37
Dec-2021 3738.35 3536.40 3631.14

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Compare:

Cheviot Company Buyback and TCS Buyback