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Cosmo First Buyback vs Hinduja Global Solutions Buyback

Comparision between Cosmo First Buyback and Hinduja Global Solutions Buyback.

Buyback Details

Cosmo First Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Hinduja Global Solutions Buyback is a Tender Offer proposed to list at BSE, NSE.

  Cosmo First Limited Hinduja Global Solutions Limited
Logo Cosmo First Buyback Logo Hinduja Global Solutions Buyback Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹1070 per share ₹1700 per share
Issue Size 10,09,345 shares 60,00,000 shares
Issue Size (Amount) ₹108.00 Crores ₹1,020.00 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders8 Equity Shares out of every 121 Fully paid-up Equity Shares held on the Record Date.151,402.00
General Category for all other Eligible Shareholders29 Equity Shares out of every 844 Fully paid-up Equity Shares held on the Record Date.857,943.00
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 3 Fully paid-up Equity Shares held on the Record Date.900,000.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 9 Fully paid-up Equity Shares held on the Record Date.5,100,000.00
Registrar Link Intime India Private Ltd Kfin Technologies Limited
Lead Managers Anand Rathi Securities Limited Motilal Oswal Investment Advisors Limited
Necessity of the buyback

The buyback is being undertaken for the following reason:

  • The Buyback will improve financial ratios like earnings per share, return on capital employed and return on equity, calculated on the basis of financial statements, by reduction in the equity basis of the Company, thereby leading to long term increase in shareholders' value.
  • The Buyback will help in achieving an optimal capital structure.
  • The Buyback will help the Company to distribute surplus cash to the Eligible Shareholders broadly in proportion to their shareholding, thereby, enhancing their overall return.

The Buyback is being undertaken with following objectives:

1. The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to the shareholders.

2. The Buyback will help in improving financial ratios like earnings per share, return on capital employed and return on equity, by reducing the equity base of the Company

Buyback Timetable

Cosmo First Buyback and Hinduja Global Solutions Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Cosmo First Buyback Buyback record date is Dec 14, 2022. Hinduja Global Solutions Buyback Buyback record date is Mar 06, 2023.

  Cosmo First Limited Hinduja Global Solutions Limited
Record Date Dec 14, 2022 Mar 06, 2023
Offer Open Date Jan 27, 2023 May 22, 2023
Offer Closure Date Feb 09, 2023 Jun 02, 2023
Last date for receipt of tender forms Feb 09, 2023 Jun 02, 2023
Finalisation of buyback Feb 17, 2023 Jun 12, 2023
Last Date for settlment of bids Feb 20, 2023 Jun 13, 2023
Last Date for extinguishment of shares Feb 27, 2023 Jun 20, 2023

Financial Details and Other Relevent Information

Comparison of Cosmo First Buyback and Hinduja Global Solutions Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Cosmo First Limited Hinduja Global Solutions Limited
Financial
Cosmo First Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202222.99113.44726.63707.19789.45
31-Mar-212322.92136841.19823.02760.29
31-Mar-223086.71396.611175.431157.26810.05
30-Sep-221638.91166.531332.61305.34839.16
Amount in ₹ Crore
Hinduja Global Solutions Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-205043.64184.041731.84498.96
31-Mar-215670.49336.052084.87292.24
31-Mar-224488.63-32.128229.73819.18
30-Sep-222692.42265.418644.78638.47
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 814.20 657.95 738.71
Oct-2022 899.30 728.05 812.91
Sep-2022 929.90 837.05 880.26

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2022 1661.05 1275.65 1464.25
Sep-2022 1484.50 1221.00 1391.98
Oct-2022 1331.80 1207.45 1272.53
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 815.00 658.10 738.94
Oct-2022 895.55 728.80 812.42
Sep-2022 925.00 837.00 880.57

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2022 1662.75 1279.35 1471.26
Sep-2022 1488.10 1217.45 1402.97
Oct-2022 1329.55 1207.40 1277.21

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