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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%.
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 64.995 Cr |
| Buyback Number of Shares: | 61.90 Lakh |
| Buyback Price: | Rs 105 |
| Buyback Offer Size (In %): | 2.50% |
| Total Share Capital: | Rs 50.00 Cr |
| Face Value: | 1 Per Equity Share |
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.
| 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 |
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 | 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 Post Buyback Public Announcement >>Document
| 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% |
For Triveni Engineering & Industries Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 24%, No. of Equity Shares reserved in Buyback was 5261500 where valid bid received for retail category was 125834328 which is 24% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 4.46%, No. of Equity Shares reserved in Buyback was 928500 where valid bid received for retail category was 4145667 which is 4.46%. Final Acceptance Ratio for Retail Investors was 6.38%.
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 | 985.20 (6.44%) | 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 | 169.05 (2.45%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 296.25 (-0.60%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 462.10 (0.35%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
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 2020-11-26T01:43:21+00:00
