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ACC Limited Buyback vs Granules India Buyback

Comparision between ACC Limited Buyback and Granules India Buyback.

Buyback Details

ACC Limited Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Granules India Buyback is a Tender Offer proposed to list at BSE.

  ACC Limited Granules India Limited
Logo ACC Limited Buyback Logo Granules India Buyback Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE
Face Value ₹10 per share ₹1 per share
Buyback Price ₹2300 per share ₹400 per share
Issue Size 62,50,000 shares
Issue Size (Amount) ₹11,259.98 Crores ₹250.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 1 Equity Share out of every 20 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders 19 Equity Shares out of every 821 Fully paid-up Equity Shares held on the Record Date.
Registrar Link Intime India Private Ltd Kfin Technologies Limited
Lead Managers ICICI Securities Limited

Deutsche Equities India Private Limited
Motilal Oswal Investment Advisors Limited
Necessity of the buyback

The buyback is being undertaken for the following reasons:

1. The Buyback will help the Company to distribute surplus cash to its members holding Equity Shares thereby enhancing the overall return for them.

2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by the reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders' value.

Buyback Timetable

ACC Limited Buyback and Granules India Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. ACC Limited Buyback Buyback record date is . Granules India Buyback Buyback record date is Aug 23, 2022.

  ACC Limited Granules India Limited
Record Date Aug 23, 2022
Offer Open Date Aug 26, 2022 Sep 27, 2022
Offer Closure Date Sep 09, 2022 Oct 11, 2022
Last date for receipt of tender forms Oct 11, 2022
Finalisation of buyback Oct 19, 2022
Last Date for settlment of bids Oct 20, 2022
Last Date for extinguishment of shares Oct 25, 2022

Financial Details and Other Relevent Information

Comparison of ACC Limited Buyback and Granules India Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  ACC Limited Granules India Limited
Financial
ACC Limited Financial Information (Restated)
Period EndedTotal RevenueNet Worth
31-Dec-1915975.9811546.93
31-Dec-2014002.7212702.37
31-Dec-2116358.3814312.18
Amount in ₹ Crore
Granules India Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet Worth
31-Mar-202635.2335.41843.72
31-Mar-213264.42549.462173.27
31-Mar-223264.42549.462173.27
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 313.25 269.05 295.66
Jun-2022 281.90 227.00 261.12
May-2022 285.00 232.15 260.33
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2022 313.30 268.90 295.71
Jun-2022 282.00 226.95 261.08
May-2022 285.00 232.10 260.37

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