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Comparision between Axita Cotton Buyback 2023 and BSE Buyback July 2023.
Axita Cotton Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while BSE Buyback July 2023 is a Tender Offer proposed to list at NSE.
Axita Cotton Limited | BSE Limited | ||||||||||
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Type of Buyback | Tender Offer | Tender Offer | |||||||||
Listing At | BSE, NSE | NSE | |||||||||
Face Value | ₹1 per share | ₹2 per share | |||||||||
Buyback Price | ₹56 per share | ₹1080 per share | |||||||||
Issue Size | 9,00,000 shares | 34,70,370 shares | |||||||||
Issue Size (Amount) | ₹5.04 Crores | ₹374.80 Crores | |||||||||
Buyback Ratio |
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Registrar | Skyline Financial Services Private Ltd | Kfin Technologies Limited | |||||||||
Lead Managers | Beeline Capital Advisors Pvt Ltd | Nuvama Wealth Management Limited | |||||||||
Necessity of the buyback | The buyback is a capital allocation decision taken by the company. The buyback will help the company to distribute a part of the surplus cash to its shareholders holding Equity Shares thereby, optimizing returns to the shareholders and enhancing the overall shareholders' value in the longer term, and improving the return on equity. |
The proposed Buy-back will help the Company achieve the following objectives:
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Axita Cotton Buyback 2023 and BSE Buyback July 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Axita Cotton Buyback 2023 Buyback record date is Jun 02, 2023. BSE Buyback July 2023 Buyback record date is Sep 14, 2023.
Axita Cotton Limited | BSE Limited | |
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Record Date | Jun 02, 2023 | Sep 14, 2023 |
Offer Open Date | Jun 08, 2023 | Sep 21, 2023 |
Offer Closure Date | Jun 14, 2023 | Sep 27, 2023 |
Last date for receipt of tender forms | Jun 14, 2023 | Sep 27, 2023 |
Finalisation of buyback | Jun 21, 2023 | Oct 04, 2023 |
Last Date for settlment of bids | Jun 21, 2023 | Oct 05, 2023 |
Last Date for extinguishment of shares | Jul 03, 2023 | Oct 16, 2023 |
Comparison of Axita Cotton Buyback 2023 and BSE Buyback July 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
Axita Cotton Limited | BSE Limited | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Amount in ₹ Crore |
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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)
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