Gail India Buyback vs Sinclairs Hotels Buyback

Comparision between Gail India Buyback and Sinclairs Hotels Buyback.

Buyback Details

Gail India Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Sinclairs Hotels Buyback is a Tender Offer proposed to list at BSE.

Gail (India) Limited

Sinclairs Hotels Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE, NSE

BSE

Face Value

₹10 per share

₹2 per share

Buyback Price

₹150 per share

₹143 per share

Issue Size

6,97,56,641 shares

7,00,000 shares

Issue Size (Amount)

₹1,046.35 Crores

₹10.01 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	71 Equity Shares out of every 733 Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	4 Equity Shares out of every 297 Equity Shares held on the Record Date.

Registrar

Mcs Share Transfer Agent Limited

Niche Technologies Pvt. Ltd

Lead Managers

Idbi Capital Market Services Limited

Necessity of the buyback

The Buyback is aimed to :
i) Optimize the capital structure of the company.
ii) Improve Return on Equity
iii) Increase in shareholder's value in the long-term.

The buyback is being undertaken for the following reason:

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

2. The Buyback would help in improving return on equity, by the reduction in the equity base, thereby leading to a long term increase in shareholders' value.

Buyback Timetable

Gail India Buyback and Sinclairs Hotels Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Gail India Buyback Buyback record date is Jan 28, 2021. Sinclairs Hotels Buyback Buyback record date is May 13, 2022.

	Gail (India) Limited	Sinclairs Hotels Limited
Record Date	Jan 28, 2021	May 13, 2022
Offer Open Date	Feb 25, 2021	Jun 03, 2022
Offer Closure Date	Mar 10, 2021	Jun 16, 2022
Last date for receipt of tender forms	Mar 12, 2021
Finalisation of buyback	Mar 18, 2021
Last Date for settlment of bids	Mar 19, 2021
Last Date for extinguishment of shares	Mar 26, 2021

Financial Details and Other Relevent Information

Comparison of Gail India Buyback and Sinclairs Hotels Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Gail (India) Limited

Sinclairs Hotels Limited

Financial

Summary of financial Information (standalone)
Particulars	For the year/period ended (Rs. in Crores)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Income	73,293.19	76,671.57	54,812.49
Profit After Tax	6,620.63	6,025.67	4,618.41
Net Worth	41,853.99	39,202.06	35,241.50

Summary of financial Information
Particulars	For the year/period ended (Rs. in Lakhs)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Income	2,313.88	4,716.66	4,958.31
Profit After Tax	351.12	948.90	974.69
Net Worth	10,334.42	10,195.89	9,643.24

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Dec-2020	128.75	103.30	121.18
Nov-2020	106.60	83.10	93.03
Oct-2020	89.50	81.25	85.38

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Mar-2022	100.00	75.00	89.23
Feb-2022	89.80	70.00	81.84
Jan-2022	78.50	60.00	73.56

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Dec-2020	128.80	103.10	121.20
Nov-2020	106.70	83.05	93.05
Oct-2020	89.80	81.20	85.40

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Gail (India) Limited	Sinclairs Hotels Limited
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