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.
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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 Name | Details |
| Buyback Type | Open Market |
| Buyback Record Date | Open Market |
| Buyback Offer Amount | ₹130 Cr |
| Date of Board Meeting approving the proposal | 11 July 2022 |
| Date of Public Announcement | 11 July 2022 |
| Buyback Offer Size | 7.26% |
| Buyback Number of Shares | 40,00,000 |
| Listing | NSE, BSE |
| Face Value | ₹2/- Rs. |
| Buyback Price | ₹325/- per share. |
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 Activity | Dates |
| Board Meeting for Buyback proposal | 11 July 2022 |
| Buyback Approval date | 11 July 2022 |
| Public Announcement Date | 11 July 2022 |
| Buyback Record Date | Open Market |
| Buyback Opening Date | 20 July 2022 |
| Buyback Closing Date | 19 Jan 2023 |
Techno Electric & Engineering Limited Financial Report (in Cr) :
| Year | Revenue | Expense | PAT |
| 2022 | ₹1,072 | ₹852 | ₹264 |
| 2021 | ₹884 | ₹668 | ₹182 |
| 2020 | ₹871 | ₹654 | ₹179 |
Quick Link :
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.
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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.
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