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Cheviot Company Buyback vs TCS Buyback

Comparision between Cheviot Company Buyback and TCS Buyback.

Buyback Details

Cheviot Company Buyback is a Tender Offer buyback proposed to list at BSE while TCS Buyback is a Tender Offer proposed to list at BSE, NSE.

  Cheviot Company Limited Tata Consultancy Services
Logo Cheviot Company Buyback Logo TCS Buyback Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE BSE, NSE
Face Value ₹10 per share ₹1 per share
Buyback Price ₹1725 per share ₹4500 per share
Issue Size 2,50,000 shares 4,00,00,000 shares
Issue Size (Amount) ₹43.13 Crores ₹18,000.00 Crores
Buyback Ratio
Category Entitlement Ratio of Buyback
Reserved Category for Small Shareholders 13 Equity Shares out of every 141 shares held on the record date.
General Category for all other Eligible Shareholders 31 Equity Shares out of every 854 shares held on the record date.

Buyback Ratio Calculation
Registrar Maheshwari Datamatics Pvt. Ltd Link Intime India Private Ltd
Lead Managers Vc Corporate Advisors Pvt Ltd (Vcapl) Jm Financial Limited
Necessity of the buyback

The Buyback aims to :
i) Distribute surplus funds to shareholders and thereby enhance their overall return.
ii) Improve financial ratios like Earnings per share (EPS), Return on assets (ROA) and Return on Equity (ROE).

The Buyback aims to :
i) Return excess cash to the shareholders.
ii) Increase shareholder's value in the long term; and
iii) Improve Return on Equity.

Buyback Timetable

Cheviot Company Buyback and TCS Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Cheviot Company Buyback Buyback record date is Dec 17, 2021. TCS Buyback Buyback record date is Feb 23, 2022.

  Cheviot Company Limited Tata Consultancy Services
Record Date Dec 17, 2021 Feb 23, 2022
Offer Open Date Jan 10, 2022 Mar 09, 2022
Offer Closure Date Jan 21, 2022 Mar 23, 2022
Last date for receipt of tender forms Jan 25, 2022 Mar 23, 2022
Finalisation of buyback Jan 28, 2022 Mar 31, 2022
Last Date for settlment of bids Jan 31, 2022 Apr 01, 2022
Last Date for extinguishment of shares Feb 09, 2022 Apr 08, 2022

Financial Details and Other Relevent Information

Comparison of Cheviot Company Buyback and TCS Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Cheviot Company Limited Tata Consultancy Services
Financial
Summary of financial Information Standalone)
Particulars For the year/period ended (Rs. in Millions)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Income 2,705.19 4,413.03 4,677.62 4,166.73
Profit After Tax 476.14 757.23 481.21 501.78
Net Worth 4,398.25 5,014.98 4,659.72 4,451.81
Reserves and Surplus 4,335.55 4,952.27 4,595.01 4,387.11
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Dec-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Income 1,233,870.00 1,413,630.00 1,393,830.00 1,307,970.00
Profit After Tax 283,920.00 309,600.00 332,600.00 300,650.00
Net Worth 923,929.10 747,939.10 743,682.40 788,982.40
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 1390.00 1131.00 1224.93
Oct-2021 1305.00 1102.00 1223.67
Sep-2021 1369.95 1250.00 1308.24

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 3857.00 3695.60 3782.93
Jan-2022 4019.10 3650.10 3847.53
Dec-2021 3736.85 3534.35 3630.88
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 3856.20 3694.95 3782.74
Jan-2022 4019.15 3649.25 3847.37
Dec-2021 3738.35 3536.40 3631.14

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