Triveni Turbine Buyback 2022 announced on 28 October 2022. The Triveni Turbine buyback to start from 17 January 2023 and closes on 31 January 2023. The Company will do Buyback with equity of 54,28,571 Equity Shares around 1.68% of Face Value ₹1/ Each Fully paid off at a Price Of ₹375/- Per Equity. The size of this Buyback is about ₹190 Crores. And this will be done through a Buyback Tender Offer.
Triveni Turbine Ltd is primarily engaged in business of manufacture and supply of power generating equipment and solutions. Triveni Turbine Ltd. is a leading industrial steam turbine manufacturer, with a dominant market share of over 60% in India. Over 5,000 steam turbines supplied by Triveni have been installed across 18 industries in over 70 countries, including Europe, Africa, Central & Latin America, SE Asian and SAARC countries.
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The Triveni Group of Companies is a focused, growing conglomerate having diversified interests in Engineering, Co-Generation, Clean Water Solutions, Distillery and Sugar. Triveni’s capability has been in precision engineering and has been in the forefront for over five decades now.
The group is a market leader in the engineering business and offers state of the art solutions for the Turbo-Generator island and industrial Gear Boxes. Triveni group has set up the first co-generation plant in India.
Necessity of the Issue :
The Buyback, which is being implemented through the tender offer route as prescribed under the SEBI
Buyback Regulations, would involve a reservation of up to 15% of the Buyback Size for small
shareholders The Company believes that this reservation for small shareholders would benefit a large
number of the Company’s public shareholders, who would be classified as “Small Shareholders”.
Triveni Turbine Buyback 2022 Offer Details:
| Event Name | Details |
| Buyback Type | Tender Offer |
| Buyback Record Date | 23 December 2022 |
| Buyback Offer Amount | ₹190.00 Cr |
| Date of Board Meeting approving the proposal | 28 October 2022 |
| Date of Public Announcement | 28 October 2022 |
| Buyback Offer Size | 1.68% |
| Buyback Number of Shares | 54,28,571 |
| Listing | NSE, BSE |
| Face Value | ₹1/- Rs. |
| Buyback Price | ₹350/- per share. |
Triveni Turbine Buyback 2022 Dates :
We have covered all important dates related to “Triveni Turbine Buyback 2022” Buyback Activity Dates are updated as they are announced.
| Buyback Activity | Dates |
| Board Meeting for Buyback proposal | 28 October 2022 |
| Buyback Approval date | 28 October 2022 |
| Public Announcement Date | 28 October 2022 |
| Buyback Record Date | 23 December 2022 |
| Buyback Opening Date | 17 January 2023 |
| Buyback Closing Date | 31 January 2023 |
Triveni Turbine Limited Financial Report (in Cr) :
| Year | Revenue | Expense | PAT |
| 2022 | ₹852.00 | ₹692.00 | ₹270.00 |
| 2021 | ₹703.00 | ₹553.00 | ₹102.00 |
| 2020 | ₹818.00 | ₹660.00 | ₹122.00 |
Quick Link :
■ Publication Letter
■ Letter of Offer
■ Application Form
Registrar of The Buyback :
KFin Technologies Limited
Selenium, Tower B, Plot No- 31 and 32,
Financial District, Nanakramguda,
Serilingampally, Hyderabad, Rangareddi – 500 032
Telangana, India
Tel No.: +91 40 6716 2222
Toll Free No.: 1800 309 4001
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.kfintech.com
Manager of The Buyback :
Ambit Private Limited
Ambit House, 449, Senapati Bapat Marg,
Lower Parel, Mumbai – 400 013
Tel No.: +91 22 6623 3030
Email: [email protected]
Investor Grievance Email: [email protected]
Website: www.ambit.co
Company Address :
Triveni Turbine Limited
8″ Floor, Express Trade Towers,
15-16, Sector-16A4,
Noida – 201301, U.P., India
T.: +91120 4308000
F: +91 120 4311010-11
www.triveniturbines.com
How to Participate in Triveni Turbine Ltd buyback?
The Investors are eligible for the buyback scheme who have Triveni Turbine shares in their Demat account as the Record date is 23 December 2022 as the offer is Tender Offer. Investors can participate in the Triveni Turbine 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 Triveni Turbine buyback scheme.
How to apply for Triveni Turbine 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 Triveni Turbine and then Place order.
- Enter the quantity and tap on Submit.
How to apply for Triveni Turbine 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 Triveni Turbine Buyback in the search option.
- You can see Triveni Turbine buyback result in search option tap on the Triveni Turbine buyback.
- You will reach the Triveni Turbine buyback screen, here enter the number of shares and click sell.
- You can see your order is successfully placed.
How to apply for Triveni Turbine 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 Triveni Turbine 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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Triveni Turbine Buyback 2022 FAQs:
When is Triveni Turbine Buyback Announcement Date?
Triveni Turbine buyback 2022 announcement date is 28 October 2022.
When is Triveni Turbine Buyback Open Date?
Triveni Turbine buyback Open date is 19 January 2023.
When is Triveni Turbine Buyback Close Date?
Triveni Turbine buyback Close date is 31 January 2023.
When is Triveni Turbine Buyback Record Date?
Triveni Turbine buyback 2022 Record date is 23 December 2022 as the offer is Tender Offer.
What is Triveni Turbine Buyback Price?
Triveni Turbine company has fixed the price at ₹350 per share.
What is Triveni Turbine Buyback Offer Size?
Triveni Turbine company Buyback Offer Size is ₹190 Cr.
How to apply for Triveni Turbine Buyback 2022?
As per the record date you need to have Triveni Turbine 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.