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Great Eastern Shipping Buyback vs TCS Buyback

Comparision between Great Eastern Shipping Buyback and TCS Buyback.

Buyback Details

Great Eastern Shipping Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while TCS Buyback is a Tender Offer proposed to list at BSE, NSE.

  The Great Eastern Shipping Company Limited Tata Consultancy Services
Logo Great Eastern Shipping Buyback Logo TCS Buyback Logo
Type of Buyback Open Market Through Stock Exchange Tender Offer
Listing At BSE, NSE BSE, NSE
Face Value ₹10 per share ₹1 per share
Buyback Price ₹333 per share ₹4500 per share
Issue Size 4,00,00,000 shares
Issue Size (Amount) ₹225.00 Crores ₹18,000.00 Crores
Buyback Ratio

Buyback Ratio Calculation
Registrar Kfin Technologies Limited Link Intime India Private Ltd
Lead Managers Kotak Mahindra Capital Company Limited Jm Financial Limited
Necessity of the buyback

The Buyback aims to :
i) Reduce outstanding number of equity shares and consequently increase earnings per share and book value per share.
ii) Effectively utilize available cash; and
iii) Improve key return ratios like return on equity capital.

The Buyback aims to :
i) Return excess cash to the shareholders.
ii) Increase shareholder's value in the long term; and
iii) Improve Return on Equity.

Buyback Timetable

Great Eastern Shipping Buyback and TCS Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Great Eastern Shipping Buyback Buyback record date is . TCS Buyback Buyback record date is Feb 23, 2022.

  The Great Eastern Shipping Company Limited Tata Consultancy Services
Record Date Feb 23, 2022
Offer Open Date Jan 07, 2022 Mar 09, 2022
Offer Closure Date Jul 06, 2022 Mar 23, 2022
Last date for receipt of tender forms Mar 23, 2022
Finalisation of buyback Mar 31, 2022
Last Date for settlment of bids Apr 01, 2022
Last Date for extinguishment of shares Apr 08, 2022

Financial Details and Other Relevent Information

Comparison of Great Eastern Shipping Buyback and TCS Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.

  The Great Eastern Shipping Company Limited Tata Consultancy Services
Financial
Summary of financial Information (Standalone)
Particulars For the year/period ended (Rs. in Millions)
  30-Sep-21 31-March-21 31-March-20 31-March-19
Total Income 14,670 28,930 30,910 28,150
Profit After Tax 3,730 10,300 2,810 -190
Net Worth 63,560 60,980 50,670 50,660
Reserves & Surplus 62,090 59,510 49,200 49,150
Summary of financial Information (standalone)
Particulars For the year/period ended (Rs. in Millions)
31-Dec-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Income 1,233,870.00 1,413,630.00 1,393,830.00 1,307,970.00
Profit After Tax 283,920.00 309,600.00 332,600.00 300,650.00
Net Worth 923,929.10 747,939.10 743,682.40 788,982.40
Stock price at BSE

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 351.80 291.25 325.81
Oct-2021 382.00 311.05 346.46
Sep-2021 379.00 348.75 362.27

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 3857.00 3695.60 3782.93
Jan-2022 4019.10 3650.10 3847.53
Dec-2021 3736.85 3534.35 3630.88
Stock price at NSE

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2021 352.10 291.30 325.70
Oct-2021 382.25 310.80 346.45
Sep-2021 379.20 351.10 362.46

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Feb-2022 3856.20 3694.95 3782.74
Jan-2022 4019.15 3649.25 3847.37
Dec-2021 3738.35 3536.40 3631.14

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