Comparison between Route Mobile Buyback and Techno Electric Buyback.
Route Mobile Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Techno Electric Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.
| Route Mobile Ltd. | Techno Electric & Engineering Company Ltd. | |
|---|---|---|
| Logo |  |  |
| Type of Buyback | Open Market Through Stock Exchange | Open Market Through Stock Exchange |
| Listing At | BSE, NSE | BSE, NSE |
| Face Value | ₹10 per share | ₹2 per share |
| Buyback Price | ₹1700 per share | ₹325 per share |
| Issue Size | ||
| Issue Size (Amount) | ₹120.00 Crores | ₹130.00 Crores |
| Buyback Ratio | ||
| Registrar | Kfin Technologies Ltd. | Niche Technologies Pvt.Ltd. |
| Lead Managers | Edelweiss Financial Services Ltd. | |
| Necessity of the buyback | The buyback is being undertaken for the following reasons: 1. Utilise the available surplus funds, which are in excess of the surplus amount needed to be retained by the company for future growth over a medium term. 2. The Buyback would help in improving the return on equity, based on the consumption that the company would earn similar profits as in the past and increasing shareholder value in the long term. | The buyback is being undertaken for the following reason:
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Route Mobile Buyback and Techno Electric Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Route Mobile Buyback Buyback record date is . Techno Electric Buyback Buyback record date is .
| Route Mobile Ltd. | Techno Electric & Engineering Company Ltd. | |
|---|---|---|
| Record Date | ||
| Offer Open Date | Jul 11, 2022 | Jul 20, 2022 |
| Offer Closure Date | Aug 29, 2022 | Jan 19, 2023 |
| Last date for receipt of tender forms | ||
| Finalisation of buyback | ||
| Last Date for settlment of bids | ||
| Last Date for extinguishment of shares |
Comparison of Route Mobile Buyback and Techno Electric 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 NSE | Stock price at NSE (in preceding 3 months)
| Stock price at NSE (in preceding 3 months)
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