Hinduja Global Buyback 2023 Record Date, Buyback Price, Entitlement Ratio

Hinduja Global Buyback 2023 description – The Hinduja Group has become one of the largest diversified groups in the world spanning all the continents. The Group employs over 150,000 people and has offices in many key cities of the world.

Its business are diversified in the fields of automotive, information technology, media, entertainment and communications, infrastructure projects, development, oil and specialty chemicals, power, real estate, and healthcare, spanning across continents. The group is lead by Chairman Srichand Hinduja and he is ably supported by his brothers, Gopichand, Prakash, and Ashok Hinduja.

HGS Buyback 2023 Details

Buyback Dates	22 May – 2 Jun 2023
Hinduja Global Buyback Price	INR 1,700 per share
Buyback Offer Size	60,00,000 shares
Offer Amount	INR 1,020 crore
Offer Type	Tender offer
Promoter Participation	Yes
Face Value	INR 10 per share
Listing At	NSE & BSE

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Hinduja Global Buyback Dates (Timeline)

Board Meeting for Buyback Proposal	14 December 2022
Buyback Approval Date	19 December 2022
Public Announcement of Buyback	31 January 2023
Hinduja Global Buyback Record Date	6 March 2023
Buyback Opening Date	22 May 2023
Buyback Closing Date	2 June 2023
Cut-off Date to receive completed tender forms by Registrar	2 June 2023
Verification Date by the Registrar	2 June 2023
Return of unaccepted shares by Registrar	13 June 2023
Extinguishment of accepted shares	20 June 2023

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Registrar of HGS Buyback

KFIN TECHNOLOGIES LIMITED
Selenium Tower B, Plot 31-32, Gachibowli,
Financial District, Nanakramguda,
Serilingampally, Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Email: [email protected]
Website: www.kfintech.com

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Manager of HGS Buyback

MOTILAL OSWAL INVESTMENT ADVISORS LIMITED
10th Floor, Motilal Oswal Tower, Rahimtullah Sayani Road,
Opposite Parel ST Depot, Prabhadevi,
Mumbai- 400 025, Maharashtra, India
Tel: +91 22 7193 4380
Email: [email protected]
Website: www.motilaloswalgroup.com

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Hinduja Global Buyback 2023 Documents

Letter Of Offer
Draft Offer Letter
Public Announcement
Upcoming Share Buyback

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Hinduja Global Buyback Entitlement Ratio

Shareholder Category	Entitlement Ratio	Entitlement Ratio (in %)
Small Shareholders (less than INR 2 Lakh on record date)	1/3	33.33
General category (for all other Eligible Shareholders)	1/9	11.11

Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.

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Hinduja Global’s Financial Performance

	FY 2020	FY 2021	FY 2022
Total Income	4,986.50	5,588.92	3,263.69
Total Expenses	4,705.22	5,211.30	3,298.82
Net income	205.61	336.05	6,103.55

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Necessity of the Buyback

• The buy-back gives an option to the equity shareholders to participate in the buy-back and receive cash in lieu of Equity Shares accepted under the buy-back.
• The buy-back helps to return surplus cash to its shareholders, in proportion to their shareholding, thereby, enhancing the overall returns to shareholders.
• The buy-back would help in improving Earning per share (EPS), Return on asset (ROA) and Return on equity (ROE) ratios of the Company.
• The buy-back, which is being implemented through the Tender Offer route as prescribed under the Buyback Regulations, would involve a reservation for small shareholders as defined in the Buy-back Regulations.

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Process to Participate in Hinduja Global Buyback

• All eligible shareholders of the company who own physical shares or demat Shares on the record date may participate in the buyback offer through their stock broker. The eligible shareholder who holds the shares in demat form must notify their broker of the details of the equity shares that they wish to tender in the Buyback Offer.

• The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.

• The eligible shareholder who owns the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.

Working Calculation of Amount Invested in Hinduja Global Buyback

Maximum market value of a share holder as on record date	INR 2,00,000
Buyback price	INR 1,700
Maximum shares of a share holder as on record date (2,00,000/1,700)	118 shares *
Closing price of share as on record date (19 December 2022)	INR 1405.95 **
Amount Invested in buyback (1405.95 x 118 shares)	INR 165902.1

* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

Profit from the Hinduja Global buyback by acceptance ratio

Shares Tendered	Buyback Entitlement	Acceptance	Buyback Profit	Profit in %
118	40	40 (100%)	11,762	7.09
118	40	80 (200%)	23,524	14.18
118	40	120 (300%)	35,286	21.27

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Frequently Asked Questions