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Comparision between CL Educate Buyback 2023 and Siyaram Silk Mills Buyback 2023.
CL Educate Buyback 2023 is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Siyaram Silk Mills Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.
CL Educate Limited | Siyaram Silk Mills Limited | ||||||||||
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Type of Buyback | Open Market Through Stock Exchange | Tender Offer | |||||||||
Listing At | BSE, NSE | BSE, NSE | |||||||||
Face Value | ₹5 per share | ₹2 per share | |||||||||
Buyback Price | ₹94 per share | ₹720 per share | |||||||||
Issue Size | 14,99,992 shares | ||||||||||
Issue Size (Amount) | ₹15.00 Crores | ₹108.00 Crores | |||||||||
Buyback Ratio |
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Registrar | Kfin Technologies Limited | Link Intime India Private Ltd | |||||||||
Lead Managers | V B Desai Financial Services Limited | Vivro Financial Services Private 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 Buy Back is being proposed by the Company to fulfill the following objectives:
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CL Educate Buyback 2023 and Siyaram Silk Mills 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 . Siyaram Silk Mills Buyback 2023 Buyback record date is Sep 18, 2023.
CL Educate Limited | Siyaram Silk Mills Limited | |
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Record Date | Sep 18, 2023 | |
Offer Open Date | Aug 21, 2023 | Sep 25, 2023 |
Offer Closure Date | Nov 28, 2023 | Oct 03, 2023 |
Last date for receipt of tender forms | Oct 03, 2023 | |
Finalisation of buyback | Oct 09, 2023 | |
Last Date for settlment of bids | Oct 10, 2023 | |
Last Date for extinguishment of shares | Oct 19, 2023 |
Comparison of CL Educate Buyback 2023 and Siyaram Silk Mills 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 | Siyaram Silk Mills 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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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 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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Stock price at NSE (in preceding 3 months)
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