Triveni Engineering & Industries Limited Buyback 2019
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Jun 19 2019|
|Buyback Opening Date:||Jul 22 2019|
|Buyback Closing Date:||Aug 02 2019|
|Buyback Offer Amount:||₹ 100 Cr|
|Date of Board Meeting approving the proposal:||Jun 03 2019|
|Date of Public Announcement:||Jun 03 2019|
|Buyback Offer Size:||3.88%|
|Buyback Number of Shares:||10000000|
|Buyback Price:||₹ 100 Per Equity Share|
Details of Buyback:
The board meeting of Triveni Engineering & Industries held on Monday (June 3) has recommended a buyback of 1 Cr Shares at Rs. 100 per shares through "Tender Route".
Salient financial parameters:
|Profit/Loss For The Period||196.05||100.92||230.28|
|Basic EPS (Rs.)||8.00||5.00||10.00|
How to Participate in buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Triveni Engineering & Industries Limited Buyback 2019 in demat or physical form as on the record date [ 19.06.2019 ] 2. Once you have shares in demat, you can participate in the buyback process which is opening from [ 22.07.2019 to 02.08.2019 ] by selling your shares through your broker on NSE or BSE. 3. Then on [ 14.08.2019 ], the payment will be given to you for accepted shares and unaccepted shares will be returned to your demat account.
Profit from the buyback on the bases of acceptance Ratio:
Buy 2000 Shares at CMP of Rs. 76 [2,00,000/100=2000)
|Amount Invested in Buyback||1,52,000||1,52,000||1,52,000||1,52,000|
|No. of Shares buyback||660||1000||1500||2000|
Review and Recommendation of Triveni Engineering & Industries Limited Buyback 2019 by IZ team is: 3/10 Fair: 1-5 Good: 5-7 Excellent: 7-10 [ The buyback size is small. The AR would be around 15-20%. The stock has already run from 67 to 76 in a couple of sessions.]