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Comparision between Somany Ceramics Buyback 2023 and Tata Consultancy Services Buyback 2023.
Somany Ceramics Buyback 2023 is a Tender Offer buyback proposed to list at BSE, NSE while Tata Consultancy Services Buyback 2023 is a Tender Offer proposed to list at BSE, NSE.
Somany Ceramics Limited | Tata Consultancy Services Limited | |||||||||||||||||||
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Type of Buyback | Tender Offer | Tender Offer | ||||||||||||||||||
Listing At | BSE, NSE | BSE, NSE | ||||||||||||||||||
Face Value | ₹2 per share | ₹1 per share | ||||||||||||||||||
Buyback Price | ₹850 per share | ₹4150 per share | ||||||||||||||||||
Issue Size | 14,70,588 shares | 4,09,63,855 shares | ||||||||||||||||||
Issue Size (Amount) | ₹125.00 Crores | ₹17,000.00 Crores | ||||||||||||||||||
Buyback Ratio |
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Registrar | Maheshwari Datamatics Pvt. Ltd | Link Intime India Private Ltd | ||||||||||||||||||
Lead Managers | ICICI Securities Limited | Jm Financial Limited | ||||||||||||||||||
Necessity of the buyback | The Buyback of shares by the company is proposed to reward the equity shareholders by way of returning surplus funds which is excess of the requirements for ordinary capital expenditure and current investment plan, in an expedient, effective and cost-efficient manner. Below is the broad reason of the proposed buyback.
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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 |
Somany Ceramics 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. Somany Ceramics Buyback 2023 Buyback record date is Dec 15, 2023. Tata Consultancy Services Buyback 2023 Buyback record date is Nov 25, 2023.
Somany Ceramics Limited | Tata Consultancy Services Limited | |
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Record Date | Dec 15, 2023 | Nov 25, 2023 |
Offer Open Date | Dec 21, 2023 | Dec 01, 2023 |
Offer Closure Date | Dec 28, 2023 | Dec 07, 2023 |
Last date for receipt of tender forms | Dec 28, 2023 | Dec 07, 2023 |
Finalisation of buyback | Jan 03, 2024 | Dec 13, 2023 |
Last Date for settlment of bids | Jan 04, 2024 | Dec 14, 2023 |
Last Date for extinguishment of shares | Jan 12, 2024 | Dec 26, 2023 |
Comparison of Somany Ceramics 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.
Somany Ceramics Limited | Tata Consultancy Services Limited | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Financial | Somany Ceramics Limited Financial Information (Restated Consolidated)Somany Ceramics Limited's revenue increased by 18.27% and profit after tax (PAT) dropped by -28.37% between the financial year ending with March 31, 2023 and March 31, 2022.
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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.
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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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