BHEL Buyback 2018
Bharat Heavy Electricals Limited (BHEL) is an engineering and manufacturing company. The Company is an integrated power plant equipment manufacturer, which is engaged in the designing, engineering, manufacturing, constructing, testing, commissioning and servicing a range of products and services for various sectors, such as power, transmission, industry, transportation, renewable energy, oil and gas, and defense.
It operates in two segments: Power and Industry.
In its Industry segment, BHEL provides a portfolio of products, systems, and services for power plants, power utilities, oil and gas, metallurgical and mining, and process industries, such as cement, fertilizers, sugar, and paper.
In its Power segment, BHEL supplies steam turbines, generators, boilers and its auxiliaries approximately 1,000 Megawatt (MW); Supplies hydro turbines and generators of approximately 250MW, and Manufactures 220/235/540/550/700MW nuclear turbine generator sets.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Nov 06 2018|
|Buyback Opening Date:||Dec 13 2018|
|Buyback Closing Date:||Dec 27 2018|
|Buyback Offer Amount:||₹ 1628 Cr|
|Date of Board Meeting approving the proposal:||Oct 25 2018|
|Date of Public Announcement:||Oct 25 2018|
|Buyback Offer Size:||5.16%|
|Buyback Number of Shares:||18,93,36,645|
|Buyback Price:||₹ 86 Per Equity Share|
Details of Buyback:
Salient financial parameters:
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|(i) Amount Invested in Buyback||2,00,000||2,00,000||2,00,000||2,00,000|
|(ii) No. of Shares buyback||767||1162||1744||2325|
|(iii) BuyBack Profit||13,806||20,916||31,392||41,850|