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Comparision between CL Educate Buyback 2023 and Sinclairs Hotels Buyback 2023.
CL Educate Buyback 2023 is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Sinclairs Hotels Buyback 2023 is a Tender Offer proposed to list at BSE.
CL Educate Limited | Sinclairs Hotels Limited | ||||||||||
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Type of Buyback | Open Market Through Stock Exchange | Tender Offer | |||||||||
Listing At | BSE, NSE | BSE | |||||||||
Face Value | ₹5 per share | ₹2 per share | |||||||||
Buyback Price | ₹94 per share | ₹200 per share | |||||||||
Issue Size | 15,20,000 shares | ||||||||||
Issue Size (Amount) | ₹15.00 Crores | ₹30.40 Crores | |||||||||
Buyback Ratio |
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Registrar | Kfin Technologies Limited | Niche Technologies Pvt. Ltd | |||||||||
Lead Managers | V B Desai Financial Services Limited | Skp Securities Limited | |||||||||
Necessity of the buyback | The Buyback is being undertaken for the following reasons (i) The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares; (ii) The Buyback may help in improving return on equity, by reduction in the equity base, thereby leading to an increase in shareholders' value; and (iii) The Buyback gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares to be accepted under the Buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment. |
The proposed Buy-back will help the Company achieve the following objectives:
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CL Educate Buyback 2023 and Sinclairs Hotels Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. CL Educate Buyback 2023 Buyback record date is . Sinclairs Hotels Buyback 2023 Buyback record date is Sep 29, 2023.
CL Educate Limited | Sinclairs Hotels Limited | |
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Record Date | Sep 29, 2023 | |
Offer Open Date | Aug 21, 2023 | Oct 06, 2023 |
Offer Closure Date | Nov 28, 2023 | Oct 12, 2023 |
Last date for receipt of tender forms | Oct 12, 2023 | |
Finalisation of buyback | Oct 18, 2023 | |
Last Date for settlment of bids | Oct 19, 2023 | |
Last Date for extinguishment of shares | Oct 31, 2023 |
Comparison of CL Educate Buyback 2023 and Sinclairs Hotels Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
CL Educate Limited | Sinclairs Hotels Limited | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Financial | CL Educate Limited Financial Information (Restated Consolidated)CL Educate Limited's revenue increased by 37.73% and profit after tax (PAT) rose by 63.4% between the financial year ending with March 31, 2023 and March 31, 2022.
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Sinclairs Hotels Limited Financial Information (Restated Standalone)Sinclairs Hotels Limited's revenue increased by 67% and profit after tax (PAT) rose by 338.21% between the financial year ending with March 31, 2023 and March 31, 2022.
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Stock price at BSE | Stock price at BSE (in preceding 3 months)
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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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