Triveni Engineering & Industries Limited which was incorporated in the year 1932 has two major business segments, sugar and engineering. The company has 7 sugar mills, 6 co-generation units, and 1 distillery spread over 8 locations in Uttar Pradesh. The engineering business comprises high-speed gears, gearboxes and water treatment solutions. Triveni Group also has a dedicated manufacturing and R&D unit each for Gear and Water Treatment Applications at Mysore and Noida respectively.
Triveni Engineering & Industries Buyback 2020 Latest Update
August 10th, 2020: Triveni Engineering & Industries Ltd (BSE:532356 | NSE: TRIVENI) board has approved a proposal for the repurchase of up to 61.90 Lakh (Sixty One Lakh Ninety Thousand) shares at ₹105 (One Hundred and five) per share, aggregating ₹64.995 Cr (Sixty Four Crores Ninety Nine Lakhs Fifty Thousand only) (Buyback Offer Size) that is 2.50% of total paid equity share capital.
The company has launched buyback via a tender offer in 2019 also for ₹100 Cr of 1 Cr shares @₹100. For retail investors, the acceptance ratio was approx 11%.
»» Total Share Capital: Rs 50.00 Cr
»» Face Value: 1 Per Equity Share
»» Buyback Offer Amount: Rs 64.995 Cr
»» Buyback Offer Size (In %): 2.50%
»» Buyback Number of Shares: 61.90 Lakh
»» Buyback Price: Rs 105
»» Promoters and Promoter Group participation:Yes
»» Buyback type:Tender Offer
»» Can I Invest today to participate in Triveni Engineering & Industries Ltd buyback offer :No
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.
|Board Meeting for Buyback proposal||10th Aug 2020|
|Buyback Approval date||10th Aug 2020|
|Public Announcement of Buyback||12th Aug 2020|
|Record Date||28th Aug 2020|
|Buyback opens on/Buyback Opening Date||5th Oct 2020|
|Buyback closes on/Buyback Closing Date||16th Oct 2020|
|Cut-off date to receive completed tender forms by Registrar||19th Oct 2020|
|Cut-off date for verification by the Registrar||26th Oct 2020|
|Cut-off date to inform Stock Exchange on acceptance or non-acceptance of tendered Equity Shares by Registrar||26th Oct 2020|
|Last date of settlement of bids on the stock exchange||27th Oct 2020|
|Last date to return unaccepted shares by Registrar||27th Oct 2020|
|Last date of extinguishment of Equity Shares||3rd Nov 2020|
Stock Holding table will give you a clear picture, how many retail investor holding Triveni Engineering & Industries Ltd shares, with this you can plan for participate in buyback offer. The less number of retail holding make more chance to get higher acceptance ratio in buyback under ratail category = higher profit.
|Holding Type||In %|
Triveni Engineering & Industries Ltd Public Announcement >>Document
Triveni Engineering & Industries Ltd Draft Letter of Offer >>Document
Triveni Engineering & Industries Ltd Letter of Offer >>Document
For Buy back shares holders are divided in 2 categories:
|Category||Entitlement Ratio of Buyback Per Equity Shares||Entitlement Ratio of Buyback in %|
|Reserved Category||3 Equity Share out of every 47 fully paid-up Equity Share held on the Record Date.||6.38%|
|General Category||11 Equity Share out of every 488 fully paid-up Equity Share held on the Record Date.||2.25%|
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|
|James Warren Tea Ltd||Tender Offer||Rs 19.836 Cr||114||108.70 (4.27%)||18-09-2020||TBD||TBD||Cheviot Company Ltd||Tender Offer||Rs 18 Cr||900||671.75 (1.68%)||18-09-2020||22-10-2020||05-11-2020||Dhanuka Agritech Ltd||Tender Offer||Rs 100 Cr||1,000||734.90 (2.64%)||28-09-2020||20-10-2020||02-11-2020||RITES Ltd||Tender Offer||Rs 257 Cr||265||239.60 (0.19%)||30-09-2020||TBD||TBD||Magna Electro Castings Ltd||Tender Offer||7 Cr||175||147.40 (-0.03%)||01-10-2020||TBD||TBD||TCS||Tender Offer||Rs 16000 Cr||3000||2762.50 (0.87%)||TBD||TBD||TBD||Wipro Ltd||Tender Offer||Rs 9500 Cr||400||339.55 (-0.57%)||TBD||TBD||TBD|
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Detail Article on Benefit from buyback offer >> ReadTriveni 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 2020-10-02T23:44:54+00:00
The Record Date for Triveni Engineering & Industries Ltd Buyback offer is 28th Aug 2020
Which means you should hold the Triveni Engineering & Industries Ltd share in your demat account by closing session of 28th Aug 2020. Share purchased on and before (28th Aug 2020) - 2 business days will be available in your demat account by 28th Aug 2020.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Triveni Engineering & Industries Ltd shares at ₹75 and buyback offer price is ₹105, you can get ₹30 per accepted share. If you hold 2667 shares of Triveni Engineering & Industries Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 880 to 1334 shares with the gain from buyback of ₹26400 to ₹40020.
The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.
|% Share Accepted||No of Shared Accepted||Gain from Buyback Offer|
Steps to participate in Triveni Engineering & Industries Ltd buyback:
Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.
Buyback opening date for Triveni Engineering & Industries Ltd: 5th Oct 2020
Buyback closing date for Triveni Engineering & Industries Ltd: 16th Oct 2020
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by 19th Oct 2020.
As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before 27th Oct 2020.
Money will be directly deposited in your registered bank account with broker. Usually money will be deposited on and after 27th Oct 2020, which is last date of settlement of bids on the Stock Exchange.
In case of physical share holding, you will get a cheque.