Hinduja Global Solutions (HGS) Buyback 2022
(i) Hinduja Global Solutions (HGS) is a service provider headquartered in Bangalore, India, operating on a global level with over four decades of experience working with some of the world’s most popular brands.
(ii) HGS delivers localized solutions and takes customer interaction and satisfaction to a higher level through deep domain and process expertise. It operates a global network of 30+ customer experience centers with 20000 employees across the U.S., Canada, the UK, India, the Netherlands, France, Germany, Italy, Jamaica, UAE, and the Philippines, making a difference to more than 800 of the world’s top brands across nine key verticals.
(iii) Hinduja Tech (HT), part of the multi-billion dollar Global Business Conglomerate, Hinduja Group, is the Integrated Product Engineering and Digital Solutions Provider for the disruptive mobility Industry.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Mar 06 2023|
|Buyback Offer Amount:||₹ 1020 Cr|
|Date of Board Meeting approving the proposal:||Dec 19 2022|
|Date of Public Announcement:||Dec 19 2022|
|Buyback Offer Size:||14.36%|
|Buyback Number of Shares:||60,00,000|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 1700 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars (in Cr)||Mar 2018||Mar 2019||Mar 2020||Mar 2021||Mar 2022|
|Other Income +||21||47||58||353||6,170|
|Profit before tax||254||247||339||282||6,138|
|EPS in Rs||48.23||42.49||48.43||80.59||1,460.35|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|(i) Amount Invested in Buyback||1,61,070||1,61,070||1,61,070||1,61,070|
|(ii) No. of Shares buyback||39||59||89||118|
|(iii) Buy Back Profit||13,065||19,765||29,815||39,530|