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Kaveri Seed Buyback vs Tanla Platforms Buyback

Comparision between Kaveri Seed Buyback and Tanla Platforms Buyback.

Buyback Details

Kaveri Seed Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Tanla Platforms Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.

  Kaveri Seed Company Limited Tanla Platforms Limited
Logo Kaveri Seed Buyback Logo Tanla Platforms Buyback Logo
Type of Buyback Open Market Through Stock Exchange Open Market Through Stock Exchange
Listing At BSE, NSE BSE, NSE
Face Value ₹2 per share ₹1 per share
Buyback Price ₹850 per share ₹1260 per share
Issue Size
Issue Size (Amount) ₹120.00 Crores ₹65.00 Crores
Buyback Ratio
Registrar Bigshare Services Pvt Ltd Kfin Technologies Limited
Lead Managers Bajaj Capital Limited Hdfc Bank Limited
Necessity of the buyback

The Buyback aims to :
i) Help the company return surplus cash to its shareholders holding Equity.
ii) Improve return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders’ value.
iii) Give an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares to be accepted under the Buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.

The Buyback aims to :
i) Return surplus cash to the shareholders.
ii) Improve Return on Equity and Earnings per share and thereby enhance shareholder value in the long term.

Buyback Timetable

Kaveri Seed Buyback and Tanla Platforms Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Kaveri Seed Buyback Buyback record date is . Tanla Platforms Buyback Buyback record date is .

  Kaveri Seed Company Limited Tanla Platforms Limited
Record Date
Offer Open Date Sep 02, 2021 Jul 29, 2021
Offer Closure Date Mar 01, 2022 Jan 28, 2022
Last date for receipt of tender forms
Finalisation of buyback
Last Date for settlment of bids
Last Date for extinguishment of shares

Financial Details and Other Relevent Information

Comparison of Kaveri Seed Buyback and Tanla Platforms Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  Kaveri Seed Company Limited Tanla Platforms Limited
Financial
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Crores)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 1,034.99 929.81 811.85
Profit After Tax 305.31 251.26 214.72
Net Worth 1,262.07 981.85 1,012.95
Reserves and Surplus 1,250.00 969.78 1,000.33
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Income 9,226.96 10,695.06 8,189.69
Profit After Tax 1,585.59 (1,989.21) 170.75
Net Worth 6,664.69 6,690.60 6,997.15
Reserves and Surplus 6,528.66 6,544.63 6,881.51
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 787.85 680.15 733.67
Jun-2021 747.15 639.00 712.07
May-2021 815.85 592.00 727.75

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2021 927.00 735.00 834.80
May-2021 968.00 852.55 882.09
Apr-2021 986.65 821.55 906.72
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jul-2021 781.90 680.65 736.85
Jun-2021 747.95 675.00 711.16
May-2021 816.65 595.25 732.60

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Jun-2021 927.70 735.00 835.30
May-2021 968.80 852.90 882.67
Apr-2021 985.55 821.60 905.63

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