Sinclairs Hotels Buyback 2023 vs Tata Consultancy Services Buyback 2023

Comparision between Sinclairs Hotels Buyback 2023 and Tata Consultancy Services Buyback 2023.

Buyback Details

Sinclairs Hotels Buyback 2023 is a Tender Offer buyback proposed to list at BSE while Tata Consultancy Services Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

Sinclairs Hotels Limited

Tata Consultancy Services Limited

Logo

Type of Buyback

Tender Offer

Listing At

BSE

BSE, NSE

Face Value

₹2 per share

₹1 per share

Buyback Price

₹200 per share

₹4150 per share

Issue Size

15,20,000 shares

4,09,63,855 shares

Issue Size (Amount)

₹30.40 Crores

₹17,000.00 Crores

Buyback Ratio

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	1 Equity Shares out of every 10 Fully paid-up Equity Shares held on the Record Date.	228,000.00
General Category for all other Eligible Shareholders	1 Equity Shares out of every 20 Fully paid-up Equity Shares held on the Record Date.	1,292,000.00

Category	Entitlement Ratio of Buyback	Shares Offered
Reserved Category for Small Shareholders	1 Equity Shares out of every 6 Fully paid-up Equity Shares held on the Record Date.	6,144,579.00
General Category for all other Eligible Shareholders	2 Equity Shares out of every 209 Fully paid-up Equity Shares held on the Record Date.	34,819,276.00

Registrar

Niche Technologies Pvt. Ltd

Link Intime India Private Ltd

Lead Managers

Skp Securities Limited

Jm Financial Limited

Necessity of the buyback

The proposed Buy-back will help the Company achieve the following objectives:

To return surplus cash to its shareholders holding equity shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.
The Buy Back, which is being implemented through the tender offer involving a reservation for Small Shareholders of 15%. The Company believes that this reservation of 15% for Small Shareholders would benefit a large number of public shareholders.
The Buy Back may help in improving return on equity.
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 not to participate and enjoy a resultant increase in their percentage shareholding.

The current buyback is in line with the Company's shareholders-friendly capital allocation practice of returning excess cash to the shareholders thereby increasing shareholder value in the longer term and improving the return on equity

Buyback Timetable

Sinclairs Hotels Buyback 2023 and Tata Consultancy Services Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Sinclairs Hotels Buyback 2023 Buyback record date is Sep 29, 2023. Tata Consultancy Services Buyback 2023 Buyback record date is Nov 25, 2023.

	Sinclairs Hotels Limited	Tata Consultancy Services Limited
Record Date	Sep 29, 2023	Nov 25, 2023
Offer Open Date	Oct 06, 2023	Dec 01, 2023
Offer Closure Date	Oct 12, 2023	Dec 07, 2023
Last date for receipt of tender forms	Oct 12, 2023	Dec 07, 2023
Finalisation of buyback	Oct 18, 2023	Dec 13, 2023
Last Date for settlment of bids	Oct 19, 2023	Dec 14, 2023
Last Date for extinguishment of shares	Oct 31, 2023	Dec 26, 2023

Financial Details and Other Relevent Information

Comparison of Sinclairs Hotels Buyback 2023 and Tata Consultancy Services Buyback 2023 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

Sinclairs Hotels Limited

Tata Consultancy Services Limited

Financial

Sinclairs Hotels Limited Financial Information (Restated Standalone)

Sinclairs Hotels Limited's revenue increased by 67% and profit after tax (PAT) rose by 338.21% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets
Revenue	57.33	34.33	23.14
Profit After Tax	31.23	7.13	3.51
Net Worth	124.33	108.32	103.34
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore

Tata Consultancy Services Limited Financial Information (Restated Consolidated)

Tata Consultancy Services Limited's revenue increased by 16.6% and profit after tax (PAT) rose by 2.41% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets
Revenue	103,685.00	195,682.00	167,827.00	141,363.00
Profit After Tax	21,413.00	39,106.00	38,187.00	30,960.00
Net Worth	83,926.00	74,538.00	77,173.00	74,794.00
Reserves and Surplus
Total Borrowing
Amount in ₹ Crore

Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Aug-2023	170.00	144.00	161.27
Jul-2023	155.00	112.00	139.19
Jun-2023	130.00	115.00	123.07

Stock price at BSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2023	3637.25	3337.75	3497.58
Sep-2023	3606.15	3379.20	3527.62
Aug-2023	3483.75	3357.05	3418.81

Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month	High Price	Low Price	Average Price
Oct-2023	3638.35	3336.75	3497.80
Sep-2023	3606.15	3379.20	3528.02
Aug-2023	3484.05	3356.80	3418.45

Compare with others

Sinclairs Hotels Limited	Tata Consultancy Services Limited
Gujarat Narmada Valley Fertilizers Buyback 2023	Rajoo Engineers Buyback 2023
Atul Buyback 2023	Elegant Marbles & Grani Industries Buyback 2023
Somany Ceramics Buyback 2023	Gujarat Narmada Valley Fertilizers Buyback 2023
Tata Consultancy Services Buyback 2023	Atul Buyback 2023
Siyaram Silk Mills Buyback 2023	Somany Ceramics Buyback 2023
KRBL Buyback 2023	Siyaram Silk Mills Buyback 2023
FDC Buyback 2023	Sinclairs Hotels Buyback 2023
CL Educate Buyback 2023	KRBL Buyback 2023
Control Print (India) Buyback 2023	FDC Buyback 2023
Piramal Enterprises Buyback 2023	CL Educate Buyback 2023

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