Techno Electric Buyback FAQ's

Techno Electric Buyback Detail
Buyback Record Date
Buyback Open Date Jul 20, 2022
Buyback Closing Date Jan 19, 2023
Issue Size (Amount) ₹130.00 Crores
Buyback Price ₹325 per Share

Techno Electric Buyback Date & Price FAQs

The Techno Electric Buyback price is set at Rs 325 Per Share. The Techno Electric Buyback opens on Jul 20, 2022 and closes on Jan 19, 2023.

There is no concept of Tender form in case of an open market offer through the Stock exchange. Any equity shareholder holding the Equity shares of Techno Electric Buyback can participate in the buyback offer through their stockbroker.

The Public Announcement for Techno Electric Buyback can be download here.

Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.

The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.

Necessity of the Issue:

The buyback is being undertaken for the following reason:

  1. The Buyback will help the Company to distribute surplus cash to its shareholders holding equity shares.
  2. The Buyback would help in improving return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders' value.
  3. The Buyback would help in optimizing the capital structure.

The Techno Electric Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one’s need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.