Techno Electric & Engineering Buyback 2022 Record Date, Buyback Price & Details

Techno Electric & Engineering Buyback 2022

Techno Electric & Engineering Buyback 2022 announced on 11 July 2022. The Techno Electric & Engineering buyback to start from 20 July 2022 and closes on 19 Jan 2023. The Company will do Buyback with equity of 40,00,000 Equity Shares around 7.26% of Face Value ₹2/ Each Fully paid off at a Price Of ₹325/- Per Equity. The size of this Buyback is about ₹130 Crores. And this will be done through a Buyback Open Market.

Techno Electric & Engineering Company Ltd. (TEECL) is one of India’s most important power-infrastructure companies. TEECL are at the top of Engineering, Procurement and Construction (EPC), asset ownership and operations and maintenance services in the three industry segments of generation, transmission and distribution.

Read also:- Share Buyback List 2022

TEECL was established with a mission to provide comprehensive Engineering, Procurement and Construction (EPC) services to core sector industries in India. The Company has assumed a leadership position on the back of association with state-of-the-art technology manufacturers and high standards of quality management, competent human resources and resourceful financing.

Necessity of the Issue :

  • The Company to distribute surplus cash to its shareholders holding equity shares.
  • The Buyback would help in improving return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders’ value.
  • The Buyback would help in optimizing the capital structure.

Techno Electric & Engineering Buyback 2022 Offer Details:

Event NameDetails
Buyback TypeOpen Market
Buyback Record DateOpen Market
Buyback Offer Amount₹130 Cr
Date of Board Meeting approving the proposal11 July 2022
Date of Public Announcement11 July 2022
Buyback Offer Size7.26%
Buyback Number of Shares40,00,000
ListingNSE, BSE
Face Value₹2/- Rs.
Buyback Price₹325/- per share.
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Techno Electric & Engineering Buyback 2022 Dates :

We have covered all important dates related to “Techno Electric & Engineering Buyback 2022” Buyback Activity Dates are updated as they are announced.

Buyback ActivityDates
Board Meeting for Buyback proposal11 July 2022
Buyback Approval date11 July 2022
Public Announcement Date11 July 2022
Buyback Record DateOpen Market
Buyback Opening Date20 July 2022
Buyback Closing Date19 Jan 2023

Techno Electric & Engineering Limited Financial Report (in Cr) :

YearRevenueExpensePAT
2022₹1,072₹852₹264
2021₹884₹668₹182
2020₹871₹654₹179
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Quick Link :

Publication Letter

Registrar of The Buyback :

Niche Technologies Private Limited
3A, Auckland Place, 7th Floor,
Room No. 7A & 7B, Kolkata – 700 017
Tel No.: +91 33 2280- 6616/6617/6618
Fax No.: +91 33 2280-6619
Email: [email protected]
Website: www.nichetechpl.com

Manager of The Buyback :

Horizon Management Private Limited
19 R N Mukherjee Road, Main Building, 2nd Floor
Kolkata- 700 001
Tel. No: +91 33 46000607
Fax: +91 33 46000607
Email: [email protected]
Website: www.horizon.net.co

Company Address :

Techno Electric & Engineering Ltd
C-218, Ground Floor (GR-2),
Sector-63 Noida Gautam Buddha Nagar-201307
Tel No: +91 33 4051 3000,
Fax No: +91 33 4051 3326
E-mail: [email protected]
Website: www.techno.co.in;

How to Participate in Techno Electric & Engineering Ltd buyback?

The Investors are eligible for the buyback scheme who have Techno Electric & Engineering shares in their Demat account as the Record date is Not Declare as the offer is Open Market. Investors can participate in the Techno Electric & Engineering Buyback 2022 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under the Techno Electric & Engineering buyback scheme.

How to apply for Techno Electric & Engineering buyback zerodha?

You can apply for the buyback, follow the steps below:

  • Visit console.zerodha.com.
  • Click on the context menu and then Portfolio.
  • Click on Corporate actions.
  • Click the Buybacks tab, tap on Techno Electric & Engineering and then Place order.
  • Enter the quantity and tap on Submit.

How to apply for Techno Electric & Engineering buyback on Groww?

You can apply for the buyback, follow the few steps below: This feature not applicable on Groww App only available on Groww Website.

  • Visit  the official Groww website.
  • Search Techno Electric & Engineering Buyback in the search option.
  • You can see Techno Electric & Engineering buyback result in search option tap on the Techno Electric & Engineering buyback.
  • You will reach the Techno Electric & Engineering buyback screen, here enter the number of shares and click sell.
  • You can see your order is successfully placed.

How to apply for Techno Electric & Engineering buyback on upstox?

You can apply for the buyback, follow the few steps below:

  • Login to the Upstox app using your 6-digit PIN or biometrics.
  • Click on the Account Section on your right bottom corner (Applicable New upstox app).
  • Click ‘Account’, then ‘Corporate actions’ and then Buyback / Delisting/ Takeover.
  • Select the Techno Electric & Engineering stock for buyback.
  • Enter the quantity and click on apply. 
  • If you have submitted your POA, then the buyback will be confirmed.
Read also:- Rights issue 2022

Techno Electric & Engineering Buyback 2022 FAQs:

When is Techno Electric & Engineering Buyback Announcement Date?
Techno Electric & Engineering buyback 2022 announcement date is 11 July 2022.

When is Techno Electric & Engineering Buyback Open Date?
Techno Electric & Engineering buyback Open date is 20 July 2022.

When is Techno Electric & Engineering Buyback Close Date?
Techno Electric & Engineering buyback Close date is 19 Jan 2023

When is Techno Electric & Engineering Buyback Record Date?
Techno Electric & Engineering buyback 2022 Record date is Not Declare as the offer is Open market.

What is Techno Electric & Engineering Buyback Price?
Techno Electric & Engineering company has fixed the price at ₹325 per share.

What is Techno Electric & Engineering Buyback Offer Size?
Techno Electric & Engineering company Buyback Offer Size is ₹130 Cr.

How to apply for Techno Electric & Engineering Buyback 2022?
As per the record date you need to have Techno Electric & Engineering shares in your Demat account. You can participate in buyback after having the stock in your account.

Disclaimer: STOCK MARKET INVESTMENTS ARE SUBJECT TO MARKET RISKS, READ ALL SCHEME RELATED DOCUMENTS CAREFULLY BEFORE INVESTING.

Techno Electric & Engineering Buyback 2022 Record Date, Buyback Price & Details
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