At Hinduja Global Solutions, the company’s board of directors approved a plan to repurchase up to 60,00,000 fully paid-up equity shares with a face value of Rs.10/- each (equal to 14.36% percent of the total number of equity shares in the paid-up equity share capital of the Company) for a total of Rs. 1020 Crore Only. Hinduja Global Solutions Limited Buyback 2023 offer has already been started from 22nd May 2023 and it closes on 02nd June 2023.
Hinduja Global Solutions Limited is an industry pioneer in digital transformation, business process management, and the entire customer experience lifecycle. For digital customer experiences, back-office processing, call centers, and HRO solutions, HGS blends automation, analytics, and artificial intelligence with extensive domain knowledge. The company is able to tackle the issues of competition and growth in ten different industries and three different business units by coordinating their marketing, IT, and customer experience teams.
The Hinduja Group, of which the company is a member, is worth billions of dollars. The firm has 55+ technology partners, 750+ digital transformation experts, and 34 Delivery centers throughout 8 countries. About 22,000 people make up Hinduja Global Solutions Limited. Besides the United States and the United Kingdom, the corporation is also present in Canada, Australia, the Philippines, India, and Jamaica.
Hinduja Global Solutions Ltd Buyback 2023 – Offer Details
| Offer Type | Tender Offer |
| Record Date | March 6, 2023 |
| Buyback Starts | May 22, 2023 |
| Buyback Ends | June 02, 2023 |
| Number of Shares | 60,00,000 Equity Share |
| Face Value | Rs. 10/- |
| Buyback Price | Rs. 1700 per equity shares |
| Maximum Buyback Size | Rs.1020 Crore |
| Last date for the extinguishment of equity | June 20, 2023 |
| Broker of the company | Motilal Oswal Financial Services Limited |
| Designated Stock Exchange | NSE, BSE |
Hinduja Global Solution Buyback 2023 – Necessity of the Buyback
According to the company, the following are the key objectives of this buyback:-
- The Buyback will allow the Company to increase the total return to shareholders by distributing surplus cash to owners holding Equity Shares in a substantially proportional manner.
- By reducing the Company’s stock base, the Buyback will aid in improving financial ratios such as earnings per share, return on capital employed, and return on equity.
Hinduja Global Solution Buyback – Shareholding Pattern
Click here to see the shareholding pattern of Hinduja Global Solutions
Hinduja Global Solution Buyback – Company Financials
Click to see the consolidated and standalone financial report of the company.
Hinduja Global Solution Buyback 2023 – Manager of the Buyback
Manager to this buyback offer by Hinduja Global Solution is Motilal Oswal Investment Advisors Limited
Hinduja Global Solution Buyback 2023 – Registrar of the Buyback
Registrar to this buyback offer by Hinduja Global Solution is Kfin Technologies Limited (formerly known as Kfin Technologies Private Limited)
Hinduja Global Solution Buyback 2023 – Letter of Offer
Click here to read the letter of offer of this buyback offer by Hinduja Global Solution.
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