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May 22, 2023 - June 2, 2023

Hinduja Global Solutions Limited Buyback (Hinduja Global Solutions Buyback) Detail

Hinduja Global Solutions Limited is a global leader in the customer experience lifecycle, digital transformation, and business process management. HGS combines automation, analytics, and artificial intelligence with deep domain expertise focusing on digital customer experiences, back-office processing, contact centres, and HRO solutions.

By aligning marketing, IT, and customer experience teams, the company address some of today's biggest business challenges to competitiveness and growth — labor, productivity, and technology across ten industries and three business units.

The company is a part of the multi-billion-dollar conglomerate Hinduja Group.

The company has 34 Delivery centers in 8 countries, 55+ technology partners and 750+ Digital transformation consultants.

Hinduja Global Solutions Limited has around 22k employees.

The company has a global presence in the United State Of America (USA), the United Kingdom (UK), Canada, Australia, Philipines, India and Jamaica.

Hinduja Global Solutions Buyback Detail

Issue PeriodMay 22, 2023 - June 2, 2023
Security NameHinduja Global Solutions Limited
Issue TypeTender Offer
Issue Size (Shares)6,000,000
Issue Size (Amount)₹1,020.00 Crores
Buyback Price₹1700 per share
Face Value₹10 per share
Listing AtBSE, NSE

Hinduja Global Solutions Buyback Issue Timetable

Last Date to buy sharesMarch 3, 2023
Record DateMarch 6, 2023
Offer Opens OnMay 22, 2023
Last Date for receipt of Tender FormsJune 2, 2023
Offer Closes On *June 2, 2023
Finalisation of Buyback AcceptanceJune 12, 2023
Last Date for settlment of bidsJune 13, 2023
Last Date for Extinguishment of SharesJune 20, 2023

Buyback Ratio

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 3 Fully paid-up Equity Shares held on the Record Date.900,000.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 9 Fully paid-up Equity Shares held on the Record Date.5,100,000.00

Company Financials

Hinduja Global Solutions Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-205043.64184.041731.84498.96
31-Mar-215670.49336.052084.87292.24
31-Mar-224488.63-32.128229.73819.18
30-Sep-222692.42265.418644.78638.47
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2022 1,661.05 1,275.65 1,464.25
Sep-2022 1,484.50 1,221.00 1,391.98
Oct-2022 1,331.80 1,207.45 1,272.53

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2022 1,662.75 1,279.35 1,471.26
Sep-2022 1,488.10 1,217.45 1,402.97
Oct-2022 1,329.55 1,207.40 1,277.21

Necessity of the Issue

The Buyback is being undertaken with following objectives:

1. The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to the shareholders.

2. The Buyback will help in improving financial ratios like earnings per share, return on capital employed and return on equity, by reducing the equity base of the Company

Hinduja Global Solutions Buyback Documents

Hinduja Global Solutions Buyback Rating

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Rating:Rated 3.7 stars
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Hinduja Global Solutions Buyback Reviews

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Company Contact Information

Hinduja Global Solutions Limited
HINDUJA HOUSE, 171,
Dr. ANNIE BESANT ROAD WORLI,
MUMBAI 400018 MUMBAI

Phone: 91-22-2496-0707
Email: investor.relations@teamhgs.com
Website: http://www.hgs.cx/

Hinduja Global Solutions Buyback Registrar

  1. Kfin Technologies Limited
       KFintech, Tower-B, Plot No 31 & 32,
       Financial District, Nanakramguda, Gachibowli,
       Hyderabad, Telangana India - 500 032.

    Phone: 04067162222, 04079611000
    Email: hgsl.buyback@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

Hinduja Global Solutions Buyback Manager

Lead Manager(s)

  1. Motilal Oswal Investment Advisors Limited

Registered Broker

  1. Motilal Oswal Financial Services Limited
    Email: ksharma@motilaloswal.com

Find Hinduja Global Solutions Buyback Latest Update

Hinduja Global Solutions Buyback FAQs

The Hinduja Global Solutions Buyback opens on May 22, 2023, and closes on June 2, 2023.

Last date to be eligible to participate in buyback is March 3, 2023.

The Hinduja Global Solutions Buyback is a Tender Offer.

Hinduja Global Solutions Buyback Schedule

Buyback Opening DateMay 22, 2023
Buyback Closing DateJune 2, 2023
Last Date for receipt of Tender FormsJune 2, 2023
Finalisation of Buyback AcceptanceJune 12, 2023
Last Date for settlment of bidsJune 13, 2023
Last Date for Extinguishment of SharesJune 20, 2023

The Hinduja Global Solutions Buyback is being offered at Rs ₹1700 per share per equity share.

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 3 Fully paid-up Equity Shares held on the Record Date.900,000.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 9 Fully paid-up Equity Shares held on the Record Date.5,100,000.00

The record date for the Hinduja Global Solutions Buyback is March 6, 2023.

The issue size of Hinduja Global Solutions Buyback is of 6,000,000 equity shares at ₹1700 per share aggregating upto ₹1,020.00 Crores.

The Buyback is being undertaken with following objectives:

1. The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to the shareholders.

2. The Buyback will help in improving financial ratios like earnings per share, return on capital employed and return on equity, by reducing the equity base of the Company

All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.

The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.

The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.

The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.

The Hinduja Global Solutions Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one's need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.


48 Comments

48. archana pawar     Link|June 13, 2023 7:00:36 PM
when buy back amount will be credited
pl confirm date
48.1. KAMMA SIVA RAMA KRISHNA     Link|June 13, 2023 10:14:52 PM
The buyback amount was already credited. Please verify your bank account concerned. If not, contact your broker.
47. jigi     Link|June 9, 2023 8:24:07 PM
I was having 1-1 share in 5 different account. Today i.e 9 June Amount got credited for 2 account only. Remaining 3 account were not credited.
Anyone has face similar issue.I
In past also I have applied for buyback.
Can someone please help me
47.7. jigi   I Like It. 1|  Link|June 9, 2023 10:49:43 PM
Amount credited in all the account
47.8. Karthikeyan     Link|June 12, 2023 2:43:23 PM
Same . It is unsuccessful in ICICI Direct account
46. Ketan     Link|June 10, 2023 12:38:51 AM
Is it good to buy for the long time ? Considering they are buying at high price ?
45. Surendra     Link|June 8, 2023 8:09:42 PM
will unaccepted share reflect in demat tomorrow?
45.2. jigi     Link|June 9, 2023 10:25:29 PM
@kama Shiva Rama Krishna
Amount credited to your account?
For me it is credited in 2 account and still waiting for credit in Remaining 3 account.
45.3. Surendra     Link|June 9, 2023 10:35:32 PM
@KSRK Yes sir, credited back in Demat today but didn't turn up in Zerodha. Now only on Monday call sell those and anticipation heavy sell off on Monday :)
44. Ramesh     Link|June 9, 2023 10:06:12 AM
@KAMA SHIVA RAMA KRISHNA sir is any new buyback update?
44.1. KAMMA SIVA RAMA KRISHNA     Link|June 9, 2023 10:11:03 PM
No, please
43. montu parashar     Link|June 9, 2023 10:09:51 PM
Buyback ammount stiil not credited in bank account.is anyone facing this issue...
42. jigi     Link|June 9, 2023 9:00:38 PM
Was having 1-1 share in 5 different account.
1-1 share got accepted in all 5 account.
Today I got money in 2 account only I instead of all 5 account.
Does anyone faces same issue?
Can someone please help me with this issa
41. jigi     Link|June 9, 2023 8:50:17 PM
I do have total 5 account where I purchased 1-1 share and all get debit from demat account.
Received amount in 2 account but not in remaining 3 account.
Anyone's faces same issue?
Can someone please help us.


40. Nitin     Link|June 9, 2023 10:18:05 AM
I received mail for acceptance ratio of 62% but all 100% shares have been debited from Demat account.
40.1. AV     Link|June 9, 2023 1:06:37 PM
Same with me too Sir.
40.2. KAMMA SIVA RAMA KRISHNA     Link|June 9, 2023 2:27:12 PM
Unaccepted shares will be credited back to the D mat account by Monday if not today evening.
39. S. Radhakrishnan     Link|June 8, 2023 9:47:53 PM
Acceptance ratio is 100%.
39.1. KAMMA SIVA RAMA KRISHNA     Link|June 8, 2023 10:08:57 PM
It may be the case of single share.
38. KAMMA SIVA RAMA KRISHNA     Link|June 8, 2023 9:57:29 PM
AR is 84/135 in my case. Not a bad one.
37. Ravindira     Link|June 8, 2023 7:45:24 PM
Acceptance ratio 62.
Expected little more..
Anyway it's fine..
37.1. S. Radhakrishnan     Link|June 8, 2023 9:45:22 PM
Acceptance ratio is 100%.
36. Ravindira     Link|June 8, 2023 7:44:17 PM
70/113 for me.
Yes.. 62%
35. Ankit     Link|June 8, 2023 1:52:37 PM
62 percentage acceptance ratio 87 out of 140
35.4. Ankit     Link|June 8, 2023 3:05:02 PM
In single account it's reserved category
35.5. Rajendra s     Link|June 8, 2023 6:33:33 PM
@Ankit can you share the debit message received by your broker
Thanks in Advance
34. Manoj     Link|June 2, 2023 2:49:15 PM
What will be the acceptance ratio?
34.1. Ravindira   I Like It. 1|  Link|June 2, 2023 6:35:23 PM
Acceptance ratio for retail investors 80-100% maximum.
Even for others, it will be around 40-50%
34.2. Ankit   I Like It. 1|  Link|June 8, 2023 2:00:24 PM
62 percentage acceptance ratio 87 out of 140
33. ARJUN'SEYE   I Like It. 1|  Link|June 6, 2023 2:07:50 AM
Bright chances for 100% AR....
33.9. Ravindira   I Like It. 1|  Link|June 7, 2023 11:26:37 PM
@Surendra, FYI: In welspun India buyback, Entitlement ratio for retail investors just 6.1%
But acceptance ratio was 42%
Literally 7 times more than entitlement
33.10. Mohsin Patel   I Like It. 1|  Link|June 8, 2023 9:41:07 AM
For information retails shares on record date is around 23.54 lakh.

ER : 38%
Acceptance calculation based on No of Orders.

No of share holders on record date around 1,18,989.

No of orders received : 78,313.
So around 40,000 investors not applied in Buyback.
So we can assume Acceptance Ratio
64-81%
32. Wannabe Value Investor     Link|May 22, 2023 1:29:48 PM
BSE subscription data is available at https://www.bseindia.com/markets/publicIssues/ACQDisp.aspx?id=532859&type=OTB&idtype=1&status=L&IPONo=6143&startdt=22/05/2023

Any idea where the NSE data is? HGS is not present here - https://www.nseindia.com/market-data/public-issues-tender .
32.6. Wannabe Value Investor     Link|May 24, 2023 1:28:22 PM
Apologies for the last message, hadn't seen the bit reg. clicking on the demand schedule.

So looking at the data, seems that the retailers are on a roll - have tendered a large number of shares, though we don't know as a percentage, unless we know the total number of shares.
32.7. J H Ramakrishna     Link|June 4, 2023 4:41:26 PM
      Hinduja Global Solutions - Closing data as on 02.06.2023 4.15 pm available on BSE Site;-      
      No. of shares bidfor      Applied for Buy Back
1      Qualified Institutional Buyers (QIBs)      -Shares 14,51,686
      1 (a) Foreign Institutional Investors (FIIs)       12,70,219
      1 (b) Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ InsuranceCompanies)       1,33,669
      1 (c) Mutual Funds       3,902
      1 (D) Others       43,896
            
2      Non Institutional Investors       43,03,948
      2 (a) Corporates       11,36,222
      2 (b) Others       31,67,726
            
3      Individual Investors       56,48,190
      3 (a) Individual       56,48,190
      Total Applications received by company are - 78313- Shares - 114,03,824
            
            
       Total No of Public Shareholders - 125374       Shares - 175,48,535
      Total number of Promoters - 14      Shares - 349,71,750
      Total Share holders - 125388      Total Shares - 525,20,285
31. Kousik Chakravarti     Link|June 2, 2023 7:00:47 PM
HGS Buyback
No of shares reserved in small investors quota=900000
No of small investors as on 31/12/22=66269
Record date=06/03/23
Total no of applications=78313<900000
(Issue closed on 02/06/23)

https://www.bseindia.com/markets/publicIssues/BSEBidDetailsACQall.html?Scripcode=6143


31.1. Wannabe Value Investor     Link|June 3, 2023 2:55:56 PM
Promotors appear not to have taken part aggressively (or not at all?)
30. Ravindira     Link|June 2, 2023 6:32:40 PM
Total shares tendered 11403824 190.06% as of 4PM today closing day..

Really good for retail category..
29. jay     Link|June 2, 2023 10:24:55 AM
I can't see my stock in portfolio. i think due to buyback. please same issue face by anyone, kindly comment.
29.1. rahulbajaaj     Link|June 2, 2023 1:09:31 PM
It's not an issue, it's because of Buyback.

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