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|