Techno Electric & Engineering buyback 2022 was announced on July 11, 2022. The Techno Electric & Engineering buyback open date is July 20, 2022 and will close on January 19, 2023. Techno Electric & Engineering buyback record date is not fixed as it is an Open Market buyback offer. The investor should buy the Techno Electric & Engineering shares before the record date to get eligibility for the buyback.
Techno Electric & Engineering Buyback of ₹130 crores approved by the board of directors at the meeting was held on June 11, 2022. Techno Electric & Engineering Buyback will be done via the Open Market route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹2 each equity share at a price not exceeding ₹325 per Equity Share and for an aggregate amount not exceeding ₹130 crores from the shareholders. Check out Techno Electric & Engineering Buyback 2022 details below:
Techno Electric & Engineering Company Ltd. (TEECL) is one of India’s most important power-infrastructure companies. They 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. Incorporated in 1963 and headquartered in Kolkata, their operations are spread across India and abroad. 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.
Techno Electric & Engineering Buyback 2022 Dates
|Buyback Meeting Date:|| June 11, 2022
|Buyback Announcement Date:||June 11, 2022|
|Buyback Record Date:||Open Market|
|Buyback Open Date:||July 20, 2022|
|Buyback Close Date:||January 19, 2023|
|Finalization of Buyback Acceptance:||N/A|
Techno Electric & Engineering Buyback 2022 Offer Details
Techno Electric & Engineering buyback of 40,00,000 equity shares at a price of ₹325 per equity share. The buyback offers not to exceed ₹130 crores of the total buyback offer size.
|Offer Amount:||₹130 Crores|
|Number of Shares:|| 40,00,000 Equity Shares
|Face Value:|| ₹2 per equity share
|Buyback Price:|| ₹325 per equity share
|Listing:|| BSE & NSE
|Buyback Type:||Open Market|
|Letter of Offer:||Click Here|
Techno Electric & Engineering Buyback 2022 Acceptance Ratio
The investor should buy around 615 shares at a current market price of ₹305 (as of July 15, 2022). The calculation will be ₹2,00,000 / ₹325 buyback price = 615 shares.
|Acceptance Ratio||Investment||Shares Buyback||Profit
Techno Electric & Engineering Financial Report
|₹ in Crores|
How to Participate in Techno Electric & Engineering Buyback 2022
The investors are eligible for the buyback scheme who have Techno Electric & Engineering shares in their Demat account as the Open Market. Eligible Share Holders 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.
Techno Electric & Engineering Buyback 2022 Registrar
Techno Electric & Engineering Buyback 2022 Lead Managers
- Trans Scan Securities Private Limited