Triveni Engineering & Industries Limited Buyback 2022
Triveni Engineering & Industries Limited is a focused, growing corporation having core competencies in the areas of sugar and engineering. The Company is one of the largest sugar manufacturers in India and the market leader in its engineering businesses comprising high-speed gears, gearboxes, and water treatment solutions.
With 7 sugar mills, 6 co-generation units, and 1 distillery spread over 8 locations in Uttar Pradesh, we progressively engage with over 250,000 farmers through our cane marketing and development programs.
As the largest Indian manufacturer of high-speed and niche low-speed gears and gearboxes, Triveni commands a dominant market share in the gears market in the region. As a focussed player in the water treatment domain, we offer end-to-end services & product mix in the technology spectrum of water and wastewater treatment. We have dedicated manufacturing and R&D unit each for Gear and Water Treatment Applications at Mysore and Noida respectively.
The two major business segments – sugar and engineering – are mutually exclusive in terms of growth factors and the environment. The sugar business is immune to the upheavals in the global economy, and is dependent only on the sugar cycle. Our engineering businesses cater to the two most critical industries – power and water.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Record Date:||Dec 23 2022|
|Buyback Opening Date:||Feb 16 2023|
|Buyback Closing Date:||Mar 01 2023|
|Buyback Offer Amount:||₹ 800 Cr|
|Date of Board Meeting approving the proposal:||Nov 05 2022|
|Date of Public Announcement:||Nov 05 2022|
|Buyback Offer Size:||9.45%|
|Buyback Number of Shares:||2,28,57,142|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 350 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Mar 2017||Mar 2018||Mar 2019||Mar 2020||Mar 2021|
|Other Income +||-36||33||83||56||28|
|Profit before tax||302||169||268||446||460|
|EPS in Rs||9.81||4.62||8.38||13.52||12.19|
|Dividend Payout %||0%||5%||8%||8%||14%|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|Amount Invested in Buyback||1,58,738||1,58,738||1,58,738||1,58,738|
|No. of Shares buyback||188||286||428||571|