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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.
Issue Period | May 22, 2023 - June 2, 2023 |
Security Name | Hinduja Global Solutions Limited |
Issue Type | Tender 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 At | BSE, NSE |
Last Date to buy shares | March 3, 2023 |
Record Date | March 6, 2023 |
Offer Opens On | May 22, 2023 |
Last Date for receipt of Tender Forms | June 2, 2023 |
Offer Closes On * | June 2, 2023 |
Finalisation of Buyback Acceptance | June 12, 2023 |
Last Date for settlment of bids | June 13, 2023 |
Last Date for Extinguishment of Shares | June 20, 2023 |
Category | Entitlement Ratio of Buyback | Shares Offered |
---|---|---|
Reserved Category for Small Shareholders | 1 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 Shareholders | 1 Equity Shares out of every 9 Fully paid-up Equity Shares held on the Record Date. | 5,100,000.00 |
Period Ended | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
---|---|---|---|---|
31-Mar-20 | 5043.64 | 184.04 | 1731.84 | 498.96 |
31-Mar-21 | 5670.49 | 336.05 | 2084.87 | 292.24 |
31-Mar-22 | 4488.63 | -32.12 | 8229.73 | 819.18 |
30-Sep-22 | 2692.42 | 265.41 | 8644.78 | 638.47 |
Amount in ₹ Crore |
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 |
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 |
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
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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/
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/
Lead Manager(s)
Registered Broker
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 Date | May 22, 2023 |
Buyback Closing Date | June 2, 2023 |
Last Date for receipt of Tender Forms | June 2, 2023 |
Finalisation of Buyback Acceptance | June 12, 2023 |
Last Date for settlment of bids | June 13, 2023 |
Last Date for Extinguishment of Shares | June 20, 2023 |
The Hinduja Global Solutions Buyback is being offered at Rs ₹1700 per share per equity share.
Category | Entitlement Ratio of Buyback | Shares Offered |
---|---|---|
Reserved Category for Small Shareholders | 1 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 Shareholders | 1 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.
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