Bajaj Consumer Care Buyback vs Indian Energy Exchange Buyback

The buyback is being undertaken for the following reason:

• To return surplus cash to its shareholders.

• Improve return on equity and thereby increase shareholder value.

The Buyback is being undertaken for the following reasons:

1. The Buyback gives the Company an opportunity to distribute surplus cash to its shareholders.
2. The buyback may help in improving return on equity and other financial ratios, by a reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
3. The buyback gives an option to the existing equity shareholders to participate in the Buyback and receive cash in lieu of equity shares.