FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Triveni Engineering and Industries Limited (BSE:532356, NSE:TRIVENI) is taking shares from investors via Buyback Offer. Do you wish to tender your shares for Triveni Engineering Buyback Nov 2022? The company has announced a buyback price of Rs 350. Buyback Announced on TBD, the Record Date for the eligible investor is 23-12-2022.
Triveni Engineering and Industries Limited Buyabck Tender process starts from 16-02-2023 and end on 01-03-2023.
Acceptation Ratio for retail investor (Holding Shares worth of less than Rs 2 Lakhs on Record date) is 33.33%.
The summary report of Triveni Engineering and Industries Limited buyback contains overview, record date, tender dates, buyback size, buyback price, approximate entry level for new investors, date of extinguishment of Equity Shares, Entitlement Ratio for retail and general category.
Title | Detail |
---|---|
Company Name: | Triveni Engineering and Industries Limited |
Buyback Type: | Tender Offer |
Offer Amount: | ₹800.00Cr |
Buyback Number of Shares: | 2,28,57,142 |
Buyback Price: | 350 |
Approx Entry Price: | 274.8 |
Promoters In: | Y |
Record Date: | 23-12-2022 |
Buyback Open Date: | 16-02-2023 |
Buyback Close Date: | 01-03-2023 |
Payment Date: | 10-03-2023 |
Record Date Price: | - |
Maximum Retail Quantity: | - |
Draft Letter of Offer: | Draft Letter of Offer |
Letter of Offer: | - |
Acceptance Ratio Retail: | 1 Equity Share out of every 3 Fully paid-up Equity Shares held on the Record Date. |
Acceptance Ratio Retail %: | 33.33 |
Acceptance Ratio General: | 1 Equity Share out of every 12 Fully paid-up Equity Shares held on the Record Date. |
Acceptance Ratio General %: | 8.33 |
Final Acceptance Ratio %: | - |
The Record Date for Triveni Engineering and Industries Limited Buyback offer is 23rd Dec 2022
Which means you should hold the Triveni Engineering and Industries Limited share in your demat account by closing session of 23rd Dec 2022. Share purchased on and before (23rd Dec 2022) - 2 business days will be available in your demat account by 23rd Dec 2022.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Triveni Engineering and Industries Limited shares at ₹274.8 and buyback offer price is ₹350, you can get ₹75.19999999999999 per accepted share. If you hold 728 shares of Triveni Engineering and Industries Limited and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 240 to 364 shares with the gain from buyback of ₹18048 to ₹27373.
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 |
---|---|---|
33% | 240 | ₹18048 |
50% | 364 | ₹27373 |
75% | 546 | ₹41059 |
100% | 728 | ₹54746 |
Steps to participate in Triveni Engineering and Industries Limited 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 and Industries Limited: 16th Feb 2023
Buyback closing date for Triveni Engineering and Industries Limited: 1st Mar 2023
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 .
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 10th Mar 2023.
Buyback opening date for Triveni Engineering and Industries Limited: 16th Feb 2023
Buyback closing date for Triveni Engineering and Industries Limited: 1st Mar 2023
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 .