Triveni Turbines Limited Buyback Offer 2022
Triveni Turbine Limited is the market leader in India with a dominant 63% market share. It also offers comprehensive aftermarket services covering the entire lifecycle of turbines. TTL operates in the higher capacity range of above 30 MW to 100 MW turbines through its subsidiary, GE Triveni Ltd., a joint venture company with General Electric.
(i) Products & Services Triveni Turbine Limited offers robust back-pressure and condensing steam turbines that work across a wide range of pressure and flow applications. For TTL, customer relations means much more than just completing the contractual commitment of supplying and commissioning the turbine. TTL stands by its customers to make their operations reliable and provides 360-degree after-sales services support during the complete life cycle for all types of industrial steam turbines. With a dedicated team of highly skilled and experienced engineers, TTL offers a wide suite of integrated solutions like erection & commissioning, spare parts, operations & maintenance, and refurbishing, among others.
(ii) Customer Segments Triveni Turbine Limited finds applications in a wide range of industries such as Sugar, Steel, Pulp & Paper, Textiles, chemicals, Palm Oil, Food Processing, etc. The turbines are used in multiple applications like Co-generation, Combined Heat & Power Generation, Waste to Energy, Captive Power Generation, and Independent Power Generation.
(iii) Geographical Presence With over 2500 turbine installations in over 50 countries globally, the Company is fast spreading its global footprint to more countries and geographies.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Offer Amount:||₹ 190 Cr|
|Date of Board Meeting approving the proposal:||Nov 02 2022|
|Date of Public Announcement:||Nov 02 2022|
|Buyback Offer Size:||1.68%|
|Buyback Number of Shares:||54,28,571|
|Price Type:||Tender Offer|
|Buyback Price:||₹ 350 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particular (in crores)||Mar 2017||Mar 2018||Mar 2019||Mar 2020||Mar 2021||Mar 2022||TTM|
|Profit before tax||185||144||149||156||132||365||204|
|EPS in Rs||3.74||2.91||3.1||3.77||3.17||8.36||4.73|
|Dividend Payout %||32%||34%||0%||13%||38%||31%|
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|(i) Amount Invested in Buyback||1,61,593||1,61,593||1,61,593||1,61,593|
|(ii) No. of Shares buyback||188||285||428||571|
|(iii) Buy Back Profit||12,596||19,095||28,676||38,257|