KDDL Buyback 2023 vs VRL Logistics Buyback 2023

The buyback is being undertaken by the company for the following reasons:

1. The buyback will help the company to return surplus cash to its members
2. The buyback is generally expected to improve return on equity through the distribution of cash and improve earnings per share by a reduction in the equity base
3. The buyback gives an option to the members to participate in the buyback and sell their shares in lieu of cash or to not participate and enjoy the resultant increase in the shareholding.

The Buyback offers the following advantages:

a) The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders.

b) The Buyback may help in improving its return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders' value.