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Incorporated in 1932, Triveni Engineering & Industries Ltd is in the areas of sugar and engineering. The company is a leading manufacturer of sugar in India and market leader in engineering business in High-speed gears, gearboxes, and water treatment solutions. The company has 7 sugar mills, 6 co-generation units and 1 distillery spread over 8 location in UP, India. The company's two major business segments are - sugar and engineering. Engineering business cater power and water segment.
June 3rd, 2019:Triveni Engineering & Industries Ltd (BSE:532356 | NSE:TRIVENI) board has approved a proposal for purchase of up to 1 Cr(One Crore) shares at Rs 100 (One Hundred) per share, aggregating Rs 100 Cr(One Hundred Crore) (Buyback Offer Size) that is 9.71% of total paid equity share capital.
Below is the complete details about Triveni Engineering & Industries Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 100 Cr |
| Buyback Number of Shares: | 1 Cr |
| Buyback Price: | Rs 100 |
| Buyback Offer Size (In %): | 9.71% |
| Total Share Capital: | Rs 1,969.41 Cr |
| Face Value: | 1 Per Equity Share |
Can I Invest today to participate in Triveni Engineering & Industries Ltd buyback offer? No
We advocate honest for Triveni Engineering & Industries buyback as official acceptance ratio for the retail investors are going to be between 15 to 20% (Fifteen to Twenty percent) and actual acceptance ration is going to be thirty to sixty percent (30% to 60%). We tend to rate Triveni Engineering & Industries buyback as 3.5/5 (Average).
Making a resonable amount of profit is possible in Triveni Engineering & Industries buyback for a new retail investor. With referance to current market price buyback price is up by 33.33% (Approx).
In this section we have covered all important dates related to Triveni Engineering & Industries 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 | 3rd Jun 2019 |
| Buyback Approval date | 3rd Jun 2019 |
| Public Announcement of Buyback | 3rd Jun 2019 |
| Record Date | 19th Jun 2019 |
| Buyback opens on/Buyback Opening Date | 22nd Jul 2019 |
| Buyback closes on/Buyback Closing Date | 2nd Aug 2019 |
| Cut-off date to receive completed tender forms by Registrar | 6th Aug 2019 |
| Cut-off date for verification by the Registrar | 13th Jun 2019 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
13th Jun 2019 |
| Last date of settlement of bids on the stock exchange | 14th Aug 2019 |
| Last date to return unaccepted shares by Registrar | 14th Aug 2019 |
| Last date of extinguishment of Equity Shares | 21st Aug 2019 |
Stock Holding table gives a clear picture on retail investor holdings of Triveni Engineering & Industries 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 | 0.0% |
| Promoter-Indian | 68.21% |
| Non-Promoter-Institutions | 5.84% |
| Non-Promoter-Non-Institutions | 25.93% |
Triveni Engineering & Industries Ltd Public Announcement >>Document
Triveni Engineering & Industries Ltd Draft Letter of Offer >>Document
Triveni Engineering & Industries Ltd Letter of Offer >>Document
Triveni Engineering & Industries Ltd Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 17 Equity Share out of every 160 fully paid-up Equity Share held on the Record Date. | 10.63 |
| General Category | 19 Equity Share out of every 545 fully paid-up Equity Share held on the Record Date. | 3.49% |
For Triveni Engineering & Industries Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 1455.87%, No. of Equity Shares reserved in Buyback was 8500000 where valid bid received for retail category was 123749293 which is 1455.87% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 295.40%, No. of Equity Shares reserved in Buyback was 1500000 where valid bid received for retail category was 4431038 which is 295.40%. Final Acceptance Ratio for Retail Investors was 10.63%.
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 | 933.35 (0.18%) | 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 | 162.50 (-1.34%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 289.85 (-0.38%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 464.70 (1.10%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Triveni Engineering & Industries 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 Triveni Engineering & Industries Ltd? How can I apply in Triveni Engineering & Industries Ltd Buyback offer?Last Updated on 2019-08-26T22:57:46+00:00
