Cigniti Technologies Buyback vs Motilal Oswal Financial Services Buyback

Comparision between Cigniti Technologies Buyback and Motilal Oswal Financial Services Buyback.

Buyback Details

Cigniti Technologies Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Motilal Oswal Financial Services Buyback is a Tender Offer proposed to list at BSE, NSE.

Cigniti Technologies Limited

Motilal Oswal Financial Services Limited

Logo

Type of Buyback

Open Market Through Stock Exchange

Tender Offer

Listing At

BSE, NSE

Face Value

₹10 per share

₹1 per share

Buyback Price

₹500 per share

₹1100 per share

Issue Size

14,54,545 shares

Issue Size (Amount)

₹38.00 Crores

₹160.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback
Reserved Category for Small Shareholders	7 Equity Share out of every 76 Fully paid-up Equity Shares held on the Record Date.
General Category for all other Eligible Shareholders	3 Equity Shares out of every 356 Fully paid-up Equity Shares held on the Record Date.

Registrar

Aarthi Consultants Pvt Ltd.

Link Intime India Private Ltd

Lead Managers

Bajaj Capital Limited

Ernst & Young Merchant Banking Services Llp

Necessity of the buyback

The buyback is being undertaken for the following reason:

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

The buyback is being undertaken for the following reasons:

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.
The Buyback will help the Company to optimise the capital structure.
The Buyback would 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

Cigniti Technologies Buyback and Motilal Oswal Financial Services Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Cigniti Technologies Buyback Buyback record date is . Motilal Oswal Financial Services Buyback Buyback record date is May 27, 2022.

	Cigniti Technologies Limited	Motilal Oswal Financial Services Limited
Record Date		May 27, 2022
Offer Open Date	May 27, 2022	Jun 24, 2022
Offer Closure Date	Jun 29, 2022	Jul 07, 2022
Last date for receipt of tender forms		Jul 11, 2022
Finalisation of buyback		Jul 15, 2022
Last Date for settlment of bids		Jul 18, 2022
Last Date for extinguishment of shares		Jul 25, 2022

Financial Details and Other Relevent Information

Comparison of Cigniti Technologies Buyback and Motilal Oswal Financial Services Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Cigniti Technologies Limited

Motilal Oswal Financial Services Limited

Financial

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (Rs. in Lakhs)
	31-Mar-22	31-Mar-21	31-Mar-20
Total Income	125,524.01	90,997.96	89,360.16
Profit After Tax	9,174.41	10,534.50	12,159.99
Net Worth	45,872.84	38,310.93	26,197.79
Reserves and Surplus	43,067.59	35,508.93	23,413.16

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (Rs. in Lakh)
	31-Mar-22	31-Mar-21	31-Mar-20
Total Income	4,31,982.51	3,63,411.26	2,36,541
Profit After Tax	1,31,071.50	1,20,294.80	21,539.59
Net Worth	5,67,463.20	4,46,345.60	3,08,188.54

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Apr-2022	494.85	427.85	455.00
Mar-2022	547.00	405.00	459.11
Feb-2022	558.00	482.00	520.90

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Apr-2022	960.00	858.70	902.42
Mar-2022	949.75	806.35	864.35
Feb-2022	959.55	823.25	903.33

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Apr-2022	494.80	428.80	460.49
Mar-2022	527.50	410.00	455.96
Feb-2022	547.80	490.00	517.57

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Apr-2022	960.00	858.05	903.04
Mar-2022	948.70	805.60	864.20
Feb-2022	959.85	824.00	903.49

Compare with others

Cigniti Technologies Limited	Motilal Oswal Financial Services Limited
Bajaj Auto Buyback	Birlasoft Limited Buyback
Route Mobile Buyback	CL Educate Buyback
Avonmore Capital Buyback	Cigniti Technologies Buyback
Birlasoft Limited Buyback	Zydus Lifesciences Buyback
CL Educate Buyback	Asahi Songwon Colors Buyback
Zydus Lifesciences Buyback	Matrimony.com Buyback
Asahi Songwon Colors Buyback	SMC Global Securities Buyback
Motilal Oswal Financial Services Buyback	IndiaMART InterMESH Buyback
Matrimony.com Buyback	Sinclairs Hotels Buyback
SMC Global Securities Buyback	Sarda Energy & Minerals Buyback

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