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Comparision between CARE Ratings Buyback and Route Mobile Buyback.
CARE Ratings Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Route Mobile Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.
CARE Ratings Limited | Route Mobile Limited | |||||||
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Logo | ||||||||
Type of Buyback | Tender Offer | Open Market Through Stock Exchange | ||||||
Listing At | BSE, NSE | BSE, NSE | ||||||
Face Value | ₹10 per share | ₹10 per share | ||||||
Buyback Price | ₹515 per share | ₹1700 per share | ||||||
Issue Size | 23,68,000 shares | |||||||
Issue Size (Amount) | ₹121.95 Crores | ₹120.00 Crores | ||||||
Buyback Ratio |
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Registrar | Kfin Technologies Limited | Kfin Technologies Limited | ||||||
Lead Managers | Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) | Edelweiss Financial Services Ltd | ||||||
Necessity of the buyback | The Buyback is being undertaken for the following reasons: (i) optimising returns to shareholders; (ii) enhancing overall shareholder value. (iii) achieving optimum capital structure. (iv) mitigating the effects of short-term market volatility. (v) enhancing shareholders' confidence. |
The buyback is being undertaken for the following reasons: 1. Utilise the available surplus funds, which are in excess of the surplus amount needed to be retained by the company for future growth over a medium term. 2. The Buyback would help in improving the return on equity, based on the consumption that the company would earn similar profits as in the past and increasing shareholder value in the long term. |
CARE Ratings Buyback and Route Mobile Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. CARE Ratings Buyback Buyback record date is Sep 14, 2022. Route Mobile Buyback Buyback record date is .
CARE Ratings Limited | Route Mobile Limited | |
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Record Date | Sep 14, 2022 | |
Offer Open Date | Nov 18, 2022 | Jul 11, 2022 |
Offer Closure Date | Dec 01, 2022 | Aug 29, 2022 |
Last date for receipt of tender forms | Dec 03, 2022 | |
Finalisation of buyback | Dec 09, 2022 | |
Last Date for settlment of bids | Dec 12, 2022 | |
Last Date for extinguishment of shares | Dec 19, 2022 |
Comparison of CARE Ratings Buyback and Route Mobile Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
CARE Ratings Limited | Route Mobile Limited | ||||||||||||||||||||||||||||||||||||||||
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Stock price at BSE | Stock price at BSE (in preceding 3 months)
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Stock price at BSE (in preceding 3 months)
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Stock price at NSE | Stock price at NSE (in preceding 3 months)
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Stock price at NSE (in preceding 3 months)
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