One can buy small quantity from 120 price levels and further buy on dips.
TD Power Systems Limited Buyback offer 2018
(i) TD Power Systems Limited was incorporated on April 16, 1999. and the company was listed on the Bombay Stock Exchange and the National Stock Exchange On September 8th 2011.
(ii) TD Power Systems Limited is one of the leading manufacturers of AC Generators in the world with products in the output range of 1 MW to 200 MW for prime movers, such as steam turbines, gas turbines, hydro turbines, diesel engines, gas and wind turbines We also manufacture special application generators for Geo Thermal and Solar thermal applications. We focus on manufacturing custom-designed generators for our customers who are based all over the world. TDPS generators are designed to perform with the highest efficiency. Reliability is ensured by world-class manufacturing processes and quality control.We have supplied 2500 generators working in 72 countries across the globe. We have service partners in 19 countries covering all continents.
(iii)TD Power Systems Limited has its own technology for generators up to 55 MW and is a licensee of Siemens AG for 2 Pole generators from 55 MW up to 200 MW. The Company’s wholly owned Subsidiary, DF Power Systems Private Limited, is in the business of Engineering, Procurement and Construction (“EPC”), executing Boiler-Turbine Generator (“BTG”) island projects and the balance of plant (“BOP”) portion for steam turbine power plants with output capacity from 20 MW up to 150 MW (“EPC Business”). The scope of work for the EPC Business comprises of design services, civil works, procurement and supply of equipment, assembly, installation and commissioning.
Buy Back Offer Deal:
|Buyback Type:||Open Market|
|Buyback Opening Date:||Oct 10 2018|
|Buyback Closing Date:||Apr 09 2019|
|Buyback Offer Amount:||₹ 30 Cr|
|Date of Board Meeting approving the proposal:||Sep 26 2018|
|Date of Public Announcement:||Sep 26 2018|
|Buyback Offer Size:||6.16%|
|Buyback Number of Shares:||11,71,875|
|Buyback Price:||₹ 256 Per Equity Share|
Details of Buyback:
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
Company Contact Details:
Incase, buy back really takes place from open market, 11,71,875 quantity of shares will be absorbed from open market. Thus creating a supply scarcity in market. Consolidated loss but company may wipe out the accumulated losses and may become a profit making company in years to come.
i don’t understand the logic of open buyback
let’s take this case
1) above rs 256 : why will anyone sell at 256
2) below 256 : anyways we can sell in open market
Completely agree with Sumit Bhai. The open Market buyback is just a joke. It has nothing for the investors to gain.
Not a Joke. Look at the Closing Price today.
Don’t get trapped. Useless buyback “from market”..
No chances seems for profit…
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