Abirami Financial Services Buyback 2023 vs Hinduja Global Solutions Buyback

Comparision between Abirami Financial Services Buyback 2023 and Hinduja Global Solutions Buyback.

Buyback Details

Abirami Financial Services Buyback 2023 is a Tender Offer buyback proposed to list at BSE while Hinduja Global Solutions Buyback is a Tender Offer proposed to list at BSE, NSE.

Abirami Financial Services (India) Limited

Hinduja Global Solutions Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE

BSE, NSE

Face Value

₹10 per share

Buyback Price

₹28 per share

₹1700 per share

Issue Size

6,00,000 shares

60,00,000 shares

Issue Size (Amount)

₹1.68 Crores

₹1,020.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	17 Equity Shares out of every 62 Fully paid-up Equity Shares held on the Record Date.	90,000.00
General Category for all other Eligible Shareholders	8 Equity Shares out of every 89 Fully paid-up Equity Shares held on the Record Date.	510,000.00

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	1 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 Shareholders	1 Equity Shares out of every 9 Fully paid-up Equity Shares held on the Record Date.	5,100,000.00

Registrar

Cameo Corporate Services Limited

Kfin Technologies Limited

Lead Managers

Bonanza Portfolio Limited

Motilal Oswal Investment Advisors Limited

Necessity of the buyback

The proposed buy-back is being undertaken, inter-alia for the following reasons:

The buy-back will help the company to return surplus cash to its shareholders holding equity shares broadly in the proportion of their shareholding, thereby, enhancing the overall return to the shareholders,
The buy-back may help in improving return on equity due to a reduction in the equity base, thereby leading to a long-term increase in shareholders' value, and
The buy-back gives an option to the shareholders holding equity shares of the company, to either choose to participate and get cash-in-lieu of equity shares or choose to not participate and enjoy a resultant increase in their percentage shareholding.

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

Abirami Financial Services Buyback 2023 and Hinduja Global Solutions Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Abirami Financial Services Buyback 2023 Buyback record date is Jan 27, 2023. Hinduja Global Solutions Buyback Buyback record date is Mar 06, 2023.

	Abirami Financial Services (India) Limited	Hinduja Global Solutions Limited
Record Date	Jan 27, 2023	Mar 06, 2023
Offer Open Date	Mar 14, 2023	May 22, 2023
Offer Closure Date	Mar 29, 2023	Jun 02, 2023
Last date for receipt of tender forms	Mar 30, 2023	Jun 02, 2023
Finalisation of buyback	Apr 10, 2023	Jun 12, 2023
Last Date for settlment of bids	Apr 12, 2023	Jun 13, 2023
Last Date for extinguishment of shares	Apr 05, 2023	Jun 20, 2023

Financial Details and Other Relevent Information

Comparison of Abirami Financial Services Buyback 2023 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.

Abirami Financial Services (India) Limited

Hinduja Global Solutions Limited

Financial

Abirami Financial Services (India) Limited Financial Information (Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-20	8.17	0.69	0.16
31-Mar-21	8	0.51	-0.12
31-Mar-22	7.82	0.46	-0.19
Amount in ₹ Crore

Hinduja Global Solutions Limited Financial Information (Consolidated)
Period Ended	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	5043.64	184.04	1731.84	498.96
31-Mar-21	5670.49	336.05	2084.87	292.24
31-Mar-22	4488.63	-32.12	8229.73	819.18
30-Sep-22	2692.42	265.41	8644.78	638.47
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Feb-2023	23.55	16.30	19.69
Jan-2023	32.01	15.44	23.92
Dec-2022	14.71	7.47	10.71

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
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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Hinduja Global Solutions Buyback	Bajaj Consumer Care Buyback
One 97 Communications Buyback	Freshtrop Fruits Buyback 2022
KAMA Holdings Buyback	Cosmo First Buyback

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