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Incorporated in2005, Techno Electric & Engineering Co Ltd (TEECL) formerly known as Super Wind Project Limited headquarter in Kolkata, West Bengal. The Company is engaged in renewable power generation through wind and having 30 Wind turbine Generators in Tamilnadu and Karnataka. With this the company has been vested with the business of Engineering, Procurement and Construction contracting focused on the power sector.
Techno is one of India’s leading turnkey projects execution company. Techno is a well-established engineering, procurement and construction (EPC) contracting company with its focus primarily on the Indian power sector. Techno’s activities broadly divide in 3 groups - Electrical Engineering Group, Mechanical Engineering Group and Civil Engineering Group. Techno also works in a specific domain which includes steel, fertilizer, metals and petrochemicals sectors along with specialized jobs in diversified manufacturing.
Dec 13, 2018: Techno Electric & Engineering Company Ltd (BSE:542141 | NSE:TECHNO) board has approved a proposal for buyback of up to 26.82 lakhs shares at Rs 410 per share, aggregating Rs 109.97 Cr (Buyback Offer Size) which is 2.38% of total paid-up equity share capital.
Below is the complete details about Techno Electric & Engineering Company Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 109.97 Cr |
| Buyback Number of Shares: | 26.82 lakhs |
| Buyback Price: | Rs 410 |
| Buyback Offer Size (In %): | 2.38% |
| Total Share Capital: | Rs 2,971.43 Cr |
| Face Value: | 2 Per Equity Share |
Can I Invest today to participate in Techno Electric & Engineering Company Ltd buyback offer? No
In this section we have covered all important dates related to Techno Electric & Engineering Company Ltd Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Buyback proposal | 13th Dec 2018 |
| Buyback Approval date | 13th Dec 2018 |
| Public Announcement of Buyback | 13th Dec 2018 |
| Record Date | 3rd Jan 2019 |
| Buyback opens on/Buyback Opening Date | 29th Mar 2019 |
| Buyback closes on/Buyback Closing Date | 11th Apr 2019 |
| Cut-off date to receive completed tender forms by Registrar | 13th Apr 2019 |
| Cut-off date for verification by the Registrar | 22nd Apr 2019 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
23rd Apr 2019 |
| Last date of settlement of bids on the stock exchange | 24th Apr 2019 |
| Last date to return unaccepted shares by Registrar | 24th Apr 2019 |
| Last date of extinguishment of Equity Shares | 30th Apr 2019 |
Stock Holding table gives a clear picture on retail investor holdings of Techno Electric & Engineering Company Ltd shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.
| Holding Type | In % |
|---|---|
| Promoter-Foreign | 57.88% |
| Promoter-Indian | 0.87% |
| Non-Promoter-Institutions | 24.08% |
| Non-Promoter-Non-Institutions | 17.17% |
Techno Electric & Engineering Company Ltd Public Announcement >>Document
Techno Electric & Engineering Company Ltd Draft Letter of Offer >>Document
Techno Electric & Engineering Company Ltd Letter of Offer >>Document
Techno Electric & Engineering Company Ltd Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 206 Equity Share out of every 981 fully paid-up Equity Share held on the Record Date. | 21% |
| General Category | 297 Equity Share out of every 5800 fully paid-up Equity Share held on the Record Date. | 5.1% |
For Techno Electric & Engineering Company Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 1023.74%, No. of Equity Shares reserved in Buyback was 2280040 where valid bid received for retail category was 23341722 which is 1023.74% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 225.51%, No. of Equity Shares reserved in Buyback was 402360 where valid bid received for retail category was 907370 which is 225.51%. Final Acceptance Ratio for Retail Investors was 21%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 935.70 (-3.18%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 176.75 (-1.81%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 295.90 (-1.10%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 459.70 (-0.27%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
Detail Article on Benefit from buyback offer >> Read
Techno Electric & Engineering Company Ltd Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Techno Electric & Engineering Company Ltd? How can I apply in Techno Electric & Engineering Company Ltd Buyback offer?Last Updated on 2019-05-02T11:06:36+00:00
