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Nov 01, 2018: Triveni Turbine Limited (BSE:533655 | NSE:TRITURBINE) board has approved a proposal for buyback of up to 66.66 Lakhs shares at Rs 150 per share, aggregating Rs 100 Cr (Buyback Offer Size) which is 2.02% of total paid-up equity shares capital.
Below is the complete details about Triveni Turbine Limited 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: | 66.66 lakhs |
| Buyback Price: | Rs 150 |
| Buyback Offer Size (In %): | 2.02% |
| Total Share Capital: | Rs 3,395.41 Cr |
| Face Value: | 1 Per Equity Share |
Can I Invest today to participate in Triveni Turbine Limited buyback offer? No
In this section we have covered all important dates related to Triveni Turbine Limited 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 | 1st Nov 2018 |
| Buyback Approval date | 1st Nov 2018 |
| Public Announcement of Buyback | 1st Nov 2018 |
| Record Date | 28th Dec 2018 |
| Buyback opens on/Buyback Opening Date | 14th Jan 2019 |
| Buyback closes on/Buyback Closing Date | 25th Jan 2019 |
| Cut-off date to receive completed tender forms by Registrar | 28th Jan 2019 |
| Cut-off date for verification by the Registrar | 4th Feb 2019 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
4th Feb 2019 |
| Last date of settlement of bids on the stock exchange | 5th Feb 2019 |
| Last date to return unaccepted shares by Registrar | 5th Feb 2019 |
| Last date of extinguishment of Equity Shares | 12th Feb 2019 |
Stock Holding table gives a clear picture on retail investor holdings of Triveni Turbine Limited 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 | 9.43% |
| Promoter-Indian | 58.30% |
| Non-Promoter-Institutions | 27.08% |
| Non-Promoter-Non-Institutions | 5.18% |
Triveni Turbine Limited Public Announcement >>Document
Triveni Turbine Limited Draft Letter of Offer >>Document
Triveni Turbine Limited Letter of Offer >>Document
Triveni Turbine Limited Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 8 Equity Share out of every 43 fully paid-up Equity Share held on the Record Date. | 18.60 |
| General Category | 7 Equity Share out of every 401 fully paid-up Equity Share held on the Record Date. | 1.75% |
For Triveni Turbine Limited Buyback Offer, Report updated by the manager of buyback -
In general category - response received 2021.87%, No. of Equity Shares reserved in Buyback was 5666666 where valid bid received for retail category was 114572352 which is 2021.87% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 183.93%, No. of Equity Shares reserved in Buyback was 1000000 where valid bid received for retail category was 1839307 which is 183.93%. Final Acceptance Ratio for Retail Investors was 58%.
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 | 931.65 (-1.06%) | 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 | 164.70 (0.61%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 290.95 (-1.59%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 459.65 (-0.45%) | 22-04-2024 | TBD | TBD |
Detail Article on Benefit from buyback offer >> Read
Triveni Turbine Limited 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 Turbine Limited? How can I apply in Triveni Turbine Limited Buyback offer?Last Updated on 2019-03-25T22:42:38+00:00
