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Hinduja Global Solutions Buyback vs Sportking India Buyback 2023

Comparision between Hinduja Global Solutions Buyback and Sportking India Buyback 2023.

Buyback Details

Hinduja Global Solutions Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Sportking India Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.

  Hinduja Global Solutions Limited Sportking India Ltd
Logo Hinduja Global Solutions Buyback Logo Sportking India Buyback 2023 Logo
Type of Buyback Tender Offer Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹10 per share
Buyback Price ₹1700 per share ₹950 per share
Issue Size 60,00,000 shares 5,80,000 shares
Issue Size (Amount) ₹1,020.00 Crores ₹55.10 Crores
Buyback Ratio
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 3 Fully paid-up Equity Shares held on the Record Date.900,000.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 9 Fully paid-up Equity Shares held on the Record Date.5,100,000.00
CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders9 Equity Shares out of every 85 Fully paid-up Equity Shares held on the Record Date.87,000.00
General Category for all other Eligible Shareholders3 Equity Shares out of every 76 Fully paid-up Equity Shares held on the Record Date.493,000.00
Registrar Kfin Technologies Limited Beetal Financial & Computer Services (P) Limited
Lead Managers Motilal Oswal Investment Advisors Limited Master Capital Services Limited
Necessity of the buyback

The Buyback is being undertaken with following objectives:

1. 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.

2. The Buyback will 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

The Buyback offers the following advantages:

a) The Buyback will help the Company to distribute surplus cash to its shareholders in proportion to their shareholding. 

b) The Buyback may help in improving financial ratios such as Earnings per share, Return on equity, by reducing the equity base of the Company. It will also lead to long term increase in shareholder's value.

Buyback Timetable

Hinduja Global Solutions Buyback and Sportking India Buyback 2023 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Hinduja Global Solutions Buyback Buyback record date is Mar 06, 2023. Sportking India Buyback 2023 Buyback record date is Feb 10, 2023.

  Hinduja Global Solutions Limited Sportking India Ltd
Record Date Mar 06, 2023 Feb 10, 2023
Offer Open Date May 22, 2023 Mar 15, 2023
Offer Closure Date Jun 02, 2023 Mar 29, 2023
Last date for receipt of tender forms Jun 02, 2023 Mar 31, 2023
Finalisation of buyback Jun 12, 2023 Apr 11, 2023
Last Date for settlment of bids Jun 13, 2023 Apr 12, 2023
Last Date for extinguishment of shares Jun 20, 2023 Apr 19, 2023

Financial Details and Other Relevent Information

Comparison of Hinduja Global Solutions Buyback and Sportking India 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.

  Hinduja Global Solutions Limited Sportking India Ltd
Financial
Hinduja Global Solutions Limited Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-205043.64184.041731.84498.96
31-Mar-215670.49336.052084.87292.24
31-Mar-224488.63-32.128229.73819.18
30-Sep-222692.42265.418644.78638.47
Amount in ₹ Crore
Sportking India Ltd Financial Information (Consolidated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-201358.0412.36188.45248.6
31-Mar-211324.8484.53273.04353.39
31-Mar-222178.16409.25687.83754.02
Amount in ₹ Crore
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2022 1661.05 1275.65 1464.25
Sep-2022 1484.50 1221.00 1391.98
Oct-2022 1331.80 1207.45 1272.53

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2022 1122.00 831.00 923.14
Sep-2022 952.10 723.00 855.16
Oct-2022 913.50 655.15 818.75
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2022 1662.75 1279.35 1471.26
Sep-2022 1488.10 1217.45 1402.97
Oct-2022 1329.55 1207.40 1277.21

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Aug-2022 1123.05 909.70 986.50
Sep-2022 949.05 721.55 854.68
Oct-2022 914.45 660.15 818.61

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