Triveni Engineering and Industries Ltd Buyback 2020 Review

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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%.

Triveni Engineering Buyback 2019

Triveni Engineering & Industries Ltd Buyback Offer Details

      »»   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

Triveni Engineering & Industries Ltd Buyback Important Dates

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.

    Triveni Engineering & Industries Ltd buyback offer important dates
    Buyback Activity Date
    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

Triveni Engineering & Industries Ltd Share Holding Pattern as of Aug 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 %
    Promoter-Foreign 3.74%
    Promoter-Indian 68.35%
    Non-Promoter-Institutions 3.68%
    Non-Promoter-Non-Institutions 24.23%

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 Ratio of Buyback

    For Buy back shares holders are divided in 2 categories:

    • Reserved category for Small Shareholders ("Reserved Category") - Who holds Max Rs 2 Lakhs worth of shares @Rs 74.45 per equity share - in such case Max 61,90,000 Equity Shares as of Record Date 28th Aug 2020.
    • General category for all Shareholders other than Small Shareholders ("General Category")

    Triveni Engineering & Industries Ltd Ratio of Buy Back

    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%

Buyback Calculator - Check your Profit/Loss and Breakeven point for left out shares.

Current and Upcoming Buybacks Key dates

The table below will give you a complete dashboard view for all open buyback offer in current market.

Current and Upcoming Buybacks Key dates
Company NameBuyback TypeOffer AmountBuyback PriceCMPRecord DateBuyback Open DateBuyback End Date
James Warren Tea LtdTender OfferRs 19.836 Cr114108.70 (4.27%)18-09-2020TBDTBD
Cheviot Company LtdTender OfferRs 18 Cr900671.75 (1.68%)18-09-202022-10-202005-11-2020
Dhanuka Agritech LtdTender OfferRs 100 Cr1,000734.90 (2.64%)28-09-202020-10-202002-11-2020
RITES LtdTender OfferRs 257 Cr265239.60 (0.19%)30-09-2020TBDTBD
Magna Electro Castings LtdTender Offer7 Cr175147.40 (-0.03%)01-10-2020TBDTBD
TCSTender OfferRs 16000 Cr30002762.50 (0.87%)TBDTBDTBD
Wipro LtdTender OfferRs 9500 Cr400339.55 (-0.57%)TBDTBDTBD

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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?

Company Contact Information

TRIVENI ENGINEERING and INDUSTRIES LIMITED
8th Floor,
Express Trade Towers,
Plot No. 15 & 16, Sector 16-A,
Noida-201301, Uttar Pradesh
Tel. No.: +91 120 4308000
E-mail: [email protected]
http://www.trivenigroup.com/

Registrar Contact Information

KFin Technologies Private Limited
Selenium, Tower B, Plot No-31 and 32,
Financial District,
Nanakramguda, Serilingampally,
Hyderabad, Rangareddi -500 032 Telangana
Tel:+91 40 6716 2222
E-mail: [email protected]
Contact Person:Mr. M. Murali Krishna
Request call back from

Last Updated on 2020-10-02T23:44:54+00:00


Buyback FAQs

  1. 1. What is the record date for Triveni Engineering & Industries Ltd buyback offer?

    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.

     

     

  2. 2. How much I can make with Triveni Engineering & Industries Ltd buyback offer?

    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.

    Triveni Engineering & Industries Ltd Buyback Profit Calculation

    % Share AcceptedNo of Shared AcceptedGain from Buyback Offer
    33%880₹26400
    50%1334₹40020
    75%2000₹60000
    100%2667₹80010

     

     

  3. 3. How to Participate in Triveni Engineering & Industries Ltd buyback offer?

    Steps to participate in Triveni Engineering & Industries Ltd buyback:

    1. On Record date (28th Aug 2020) you must have share of Triveni Engineering & Industries Ltd in your demat account/physical form. Depositing of share in your DP account usually take T+2 days, so you need to plan your buying accordingly.
    2. After that company announces buyback open and close window, so you need to tender your share in buyback process. You can do this online or contact your broker to tender your share in buyback, so he can place a request on your behalf.
    3. Next step is with registrar - depend on buyback acceptance ratio, your shares will be sold in buyback process and fund will directly debited in your bank account. Any rejected share will be revert in your demat account which you can sell in open market or hold for long term gain.

     

     

  4. 4. How many Triveni Engineering & Industries Ltd share are eligible for 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.

     

     

  5. 5. When I need to tender Triveni Engineering & Industries Ltd share for buyback?

    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.

     

     

  6. 6. When I will know how much shares accepted in Triveni Engineering & Industries Ltd buyback offer?

    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.

     

     

  7. 7. How and when will I get money for accepted shares of Triveni Engineering & Industries Ltd buyback?

    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.

     

     

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