Greaves Cotton Limited Buyback Offer 2019
Greaves Cotton Limited, a diversified engineering company that is a leading manufacturer and marketer of diesel engines, petrol engines, generator sets, pump sets, and construction equipment. With a 160-year-old engineering legacy spreading across India and a growing global presence, we take pride in our quality products and services.
(i) Agri Equipment: Manufactures and market agri equipment and is a market leader in petrol/ kerosene engines. The product range includes such as lightweight petrol, diesel engines, pump sets, power tillers, reapers, and mini-farming equipment, etc. The manufacturing facility is located at Gummidipondi (TN).
(ii) Automotive: Manufactures light diesel engines for automotive application (4.4 to 25 HP) for three and four wheeler small commercial vehicles. Greaves is the market leader in single and twin cylinder diesel engine. The manufacturing facility is located at Aurangabad and Ranipet (TN).
(iii) Auxiliary Power and Industrial Engine: Manufactures diesel and gas gensets in the range of 50-500 KVA, engines for marine, fire fighting pump sets, mining, rail cars, etc. The manufacturing facility is located at Pune. The diesel engines range from 1.4 to 750 HP range with an option for CNG/LPG fuel.
(iv) Construction Equipment: Manufacture range of compaction, concreting and earthmoving equipment. The manufacturing facility is located at Gummidipondi (TN).
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Jul 12 2019|
|Buyback Offer Amount:||₹ 240 Cr|
|Date of Board Meeting approving the proposal:||May 02 2019|
|Date of Public Announcement:||May 02 2019|
|Buyback Offer Size:||5.16%|
|Buyback Number of Shares:||13714286|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 175 Per Equity Share|
Details of Buyback:
Salient financial parameters:
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||1,69,142||1,69,142||1,69,142||1,69,142|
|No. of Shares buyback||376||571||856||1142|