FDC Buyback 2023 vs Larsen & Toubro Buyback 2023

Comparision between FDC Buyback 2023 and Larsen & Toubro Buyback 2023.

Buyback Details

FDC Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while Larsen & Toubro Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

FDC Limited

Larsen & Toubro Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

Face Value

₹1 per share

₹2 per share

Buyback Price

₹500 per share

₹3200 per share

Issue Size

31,00,000 shares

3,12,50,000 shares

Issue Size (Amount)

₹155.00 Crores

₹10,000.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	12 Equity Shares out of every 131 Fully paid-up Equity Shares held on the Record Date.	465,000.00
General Category for all other Eligible Shareholders	1 Equity Shares out of every 61 Fully paid-up Equity Shares held on the Record Date.	2,635,000.00

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	9 Equity Shares out of every 38 Fully paid-up Equity Shares held on the Record Date.	4,687,500.00
General Category for all other Eligible Shareholders	11 Equity Shares out of every 574 Fully paid-up Equity Shares held on the Record Date.	26,562,500.00

Registrar

Link Intime India Private Ltd

Kfin Technologies Limited

Lead Managers

Sundae Capital Advisors

Jm Financial Limited

Axis Capital Limited

Necessity of the buyback

The Buyback is being undertaken for the following reasons:

The Buyback will result in reduction in the overall capital employed in the business, which will, in turn lead to higher earnings per share and enhanced return on equity and return on capital employed, return on net worth, return on assets, etc and long term increase in shareholders' value.
The Buyback will help the Company to distribute surplus cash to its Members holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to Members.

The Buyback is being undertaken for the following reasons:

1. The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares thereby enhancing the overall return for them.

2. The Buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by a reduction in the equity base of the Company, thereby leading to a long-term increase in shareholders' value.

Buyback Timetable

FDC Buyback 2023 and Larsen & Toubro Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. FDC Buyback 2023 Buyback record date is Aug 25, 2023. Larsen & Toubro Buyback 2023 Buyback record date is Sep 12, 2023.

	FDC Limited	Larsen & Toubro Limited
Record Date	Aug 25, 2023	Sep 12, 2023
Offer Open Date	Aug 31, 2023	Sep 18, 2023
Offer Closure Date	Sep 06, 2023	Sep 25, 2023
Last date for receipt of tender forms	Sep 08, 2023	Sep 25, 2023
Finalisation of buyback	Sep 13, 2023	Sep 27, 2023
Last Date for settlment of bids	Sep 13, 2023	Sep 28, 2023
Last Date for extinguishment of shares	Sep 25, 2023	Oct 11, 2023

Financial Details and Other Relevent Information

Comparison of FDC Buyback 2023 and Larsen & Toubro 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.

FDC Limited

Larsen & Toubro Limited

Financial

FDC Buyback 2023 Financial Information (Restated Standalone)
Period Ended	31 Mar 2022	31 Mar 2023
Assets	2,254.25	2,335.42
Revenue	1,597.70	1,830.94
Profit After Tax	219.64	200.97
Net Worth
Reserves and Surplus
Total Borrowing

Amount in ₹ Crore

Larsen & Toubro Buyback 2023 Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023	30 Jun 2023
Assets
Revenue	90,615.77	104,613.06	114,535.93	27,788.77
Profit After Tax	3,147.31	7,879.45	7,848.97	1,792.36
Net Worth	61,737.82	67,114.05	71,527.95
Reserves and Surplus
Total Borrowing

Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2023	350.20	306.80	334.45
Jun-2023	327.60	289.85	311.33
May-2023	314.95	281.40	298.28

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2023	2687.90	2419.95	2520.89
Jun-2023	2482.95	2202.20	2351.99
May-2023	2416.00	2168.65	2262.49

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2023	350.15	306.55	332.85
Jun-2023	327.95	291.25	311.40
May-2023	315.00	282.05	297.98

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Jul-2023	2690.00	2420.00	2520.59
Jun-2023	2483.50	2202.15	2352.20
May-2023	2416.35	2168.50	2262.64

Compare with others

FDC Limited	Larsen & Toubro Limited
Somany Ceramics Buyback 2023	KRBL Buyback 2023
Tata Consultancy Services Buyback 2023	FDC Buyback 2023
Siyaram Silk Mills Buyback 2023	CL Educate Buyback 2023
Sinclairs Hotels Buyback 2023	Control Print (India) Buyback 2023
KRBL Buyback 2023	Piramal Enterprises Buyback 2023
CL Educate Buyback 2023	Aarti Drugs Buyback 2023
Control Print (India) Buyback 2023	Indiamart Intermesh Buyback 2023
Piramal Enterprises Buyback 2023	James Warren Tea Buyback 2023
Larsen & Toubro Buyback 2023	Goldiam International Buyback 2023
Aarti Drugs Buyback 2023	BSE Buyback July 2023

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