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Comparision between Vls Finance Buyback 2024 and Weizmann Buyback 2024.
Vls Finance Buyback 2024 is a Tender Offer buyback proposed to list at BSE, NSE while Weizmann Buyback 2024 is a Tender Offer proposed to list at BSE, NSE.
Vls Finance Ltd. | Weizmann Ltd. | ||||||||||
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Type of Buyback | Tender Offer | Tender Offer | |||||||||
Listing At | BSE, NSE | BSE, NSE | |||||||||
Face Value | ₹10 per share | ₹10 per share | |||||||||
Buyback Price | ₹380 per share | ₹160 per share | |||||||||
Issue Size | 33,00,000 shares | 3,65,169 shares | |||||||||
Issue Size (Amount) | ₹125.40 Crores | ₹5.84 Crores | |||||||||
Buyback Ratio |
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Registrar | Rcmc Share Registry Private Limited | Bigshare Services Pvt Ltd | |||||||||
Lead Managers | New Berry Capitals Private Limited | Saffron Capital Advisors Private Limited | |||||||||
Necessity of the buyback | Having regards to the healthy cash flows that the Company has been able to consistently generate, the future projected cash flows of the Company and the anticipated funds required for capital expenditure and working capital to meet the expected future growth of the Company, the Buy-back is expected to achieve the following objectives:
The Buy Back, which is being implemented through the Tender Offer as prescribed under the SEBI Buy Back Regulations, would involve allocation of 15% of number of Equity Shares that the Company proposes to Buy Back or several Equity Shares entitled as per the shareholding of Small Shareholders, whichever is higher, to Small Shareholders. The Company believes that this reservation of 15% for The Buyback gives the shareholders holding Equity Shares of the Company the option to either (i) participate and receive cash instead of Equity Shares to be accepted under the Buyback Offer or (ii) choose not to participate and enjoy a resultant increase in their percentage shareholding post-buyback Offer without additional investment. |
The Buyback is being undertaken for the following reasons:
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Vls Finance Buyback 2024 and Weizmann Buyback 2024 buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Vls Finance Buyback 2024 Buyback record date is Aug 26, 2024. Weizmann Buyback 2024 Buyback record date is Aug 30, 2024.
Vls Finance Ltd. | Weizmann Ltd. | |
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Record Date | Aug 26, 2024 | Aug 30, 2024 |
Offer Open Date | Aug 30, 2024 | |
Offer Closure Date | Sep 05, 2024 | |
Last date for receipt of tender forms | Sep 05, 2024 | |
Finalisation of buyback | Sep 12, 2024 | |
Last Date for settlment of bids | Sep 13, 2024 | |
Last Date for extinguishment of shares | Sep 23, 2024 |
Comparison of Vls Finance Buyback 2024 and Weizmann Buyback 2024 financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
Vls Finance Ltd. | Weizmann Ltd. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Financial | Vls Finance Ltd. Financial Information (Restated Consolidated)Vls Finance Ltd.'s revenue increased by 395% and profit after tax (PAT) rose by 479% between the financial year ending with March 31, 2024 and March 31, 2023.
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Weizmann Ltd. Financial Information (Restated Consolidated)Weizmann Ltd.'s revenue decreased by -8.93% and profit after tax (PAT) rose by 56.43% between the financial year ending with March 31, 2024 and March 31, 2023.
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Stock price at BSE | 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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