Shanthi Gears Buyback 2018
Shanthi Gears—a subsidiary of Tube Investments of India—is a pioneer in gear manufacturing and ranks amongst India’s top gear manufacturers today. For over four decades now, Shanthi Gears has been the preferred name for gear and gearbox solutions, for some of the biggest names in the industry.
They offer a comprehensive range of products and services—cutting edge gear solutions for a wide range of applications and specialized gear reconditioning services.
They have 4 factories and 1000+ Employees.
Buy Back Offer Deal:
|Buyback Type:||Tender offer|
|Buyback Record Date:||Feb 08 2019|
|Buyback Opening Date:||Mar 13 2019|
|Buyback Closing Date:||Mar 27 2019|
|Buyback Offer Amount:||₹ 70 Cr|
|Date of Board Meeting approving the proposal:||Dec 26 2018|
|Date of Public Announcement:||Dec 26 2018|
|Buyback Number of Shares:||50,0000,00|
|Buyback Price:||₹ 140 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||1,88,496||1,88,496||1,88,496||1,88,496|
|No. of Shares buyback||471||714||1071||1428|