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Comparision between Cigniti Technologies Buyback and Route Mobile Buyback.
Cigniti Technologies Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Route Mobile Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.
Cigniti Technologies Limited | Route Mobile Limited | |
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Logo | ||
Type of Buyback | Open Market Through Stock Exchange | Open Market Through Stock Exchange |
Listing At | BSE, NSE | BSE, NSE |
Face Value | ₹10 per share | ₹10 per share |
Buyback Price | ₹500 per share | ₹1700 per share |
Issue Size | ||
Issue Size (Amount) | ₹38.00 Crores | ₹120.00 Crores |
Buyback Ratio | ||
Registrar | Aarthi Consultants Pvt Ltd. | Kfin Technologies Limited |
Lead Managers | Bajaj Capital Limited | Edelweiss Financial Services Ltd |
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: 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. |
Cigniti Technologies Buyback and Route Mobile 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 . Route Mobile Buyback Buyback record date is .
Cigniti Technologies Limited | Route Mobile Limited | |
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Record Date | ||
Offer Open Date | May 27, 2022 | Jul 11, 2022 |
Offer Closure Date | Jun 29, 2022 | Aug 29, 2022 |
Last date for receipt of tender forms | ||
Finalisation of buyback | ||
Last Date for settlment of bids | ||
Last Date for extinguishment of shares |
Comparison of Cigniti Technologies 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.
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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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