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February 16, 2023 - March 1, 2023

Triveni Engineering and Industries Limited Buyback (Triveni Engineering Buyback 2022) Detail

Incorporated in 1932, Triveni Engineering and Industries Limited is one of the largest integrated sugar manufacturers in India and a market leader in engineering businesses.

The company produces high-quality potable alcohol and fuel-grade ethanol. The company's engineering arm provides water treatment solutions, power transmission, and defence solutions.

The Company is one of the largest integrated sugar producers in India, having a total crushing capacity of 61,000 TCD (the "Sugar Business") and is amongst the leading players in Engineering businesses, comprising power transmission and Water and Wastewater Treatment Solutions (the "Engineering Business").

The company has two core businesses:

Power Transmission Business ("PTB") and Water Business ("WB").

The Company&rsquo's PTB comprises three business segments including gears, defence and built-to-print, whereas the offerings of WB include customised, sustainable engineering, procurement and construction solutions/services.

Triveni Engineering Buyback 2022 Detail

Issue PeriodFebruary 16, 2023 - March 1, 2023
Security NameTriveni Engineering and Industries Limited
Issue TypeTender Offer
Issue Size (Shares)22,857,142
Issue Size (Amount)₹800.00 Crores
Buyback Price₹350 per share
Face Value₹1 per share
Listing AtBSE, NSE

Triveni Engineering Buyback 2022 Issue Timetable

Last Date to buy sharesDecember 21, 2022
Record DateDecember 23, 2022
Offer Opens OnFebruary 16, 2023
Last Date for receipt of Tender FormsMarch 1, 2023
Offer Closes On *March 1, 2023
Finalisation of Buyback AcceptanceMarch 10, 2023
Last Date for settlment of bidsMarch 13, 2023
Last Date for Extinguishment of SharesMarch 20, 2023

Buyback Ratio

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 3 Fully paid-up Equity Shares held on the Record Date.3,428,572.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 12 Fully paid-up Equity Shares held on the Record Date.19,428,570.00

Company Financials

Triveni Engineering and Industries Limited Financial Information (Restated)
Period EndedTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-204472.9335.121303.621268.51547.77
31-Mar-214733.75294.61517.351480.01990.48
31-Mar-224716.23424.061869.381831.811575.06
30-Sep-222854.671454.213281.283244.26883.98
Amount in ₹ Crore

Stock price at BSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 308.85 252.30 277.35
Oct-2022 291.80 249.30 270.63
Sep-2022 294.35 232.80 253.42

Stock price at NSE (in preceding 3 months)

Month High Price Low Price Average Price
Nov-2022 308.90 252.05 277.47
Oct-2022 292.00 247.30 270.58
Sep-2022 294.35 231.60 253.48

Necessity of the Issue

The Buyback is being undertaken for the following reasons:

1. The Buyback will help the Company distribute surplus cash to its shareholders holding Equity Shares and promote capital efficiency, thereby increasing shareholders' value and improving return on equity.

2. The Company's dividend pay-out trend and cash reserves, the Company considers appropriate to return surplus funds to the shareholders effectively and efficiently.

Triveni Engineering Buyback 2022 Documents

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Company Contact Information

Triveni Engineering and Industries Limited
A-44, Hosiery Complex,
Phase-II Extension,
Noida - 201 305

Phone: 91 120 4308000
Email: shares@trivenigroup.com
Website: http://www.trivenigroup.com/

Triveni Engineering Buyback 2022 Registrar

  1. Kfin Technologies Limited
       KFintech, Tower-B, Plot No 31 & 32,
       Financial District, Nanakramguda, Gachibowli,
       Hyderabad, Telangana India - 500 032.

    Phone: 04067162222, 04079611000
    Email: triveni.buyback2022@kfintech.com
    Website: https://kosmic.kfintech.com/ipostatus/

Triveni Engineering Buyback 2022 Manager

Lead Manager(s)

  1. Ambit Private Limited

Registered Broker

  1. Ambit Capital Private Limited
    Email: sameer.parkar@ambit.co

Find Triveni Engineering Buyback 2022 Latest Update

Triveni Engineering Buyback 2022 FAQs

The Triveni Engineering Buyback 2022 opens on February 16, 2023, and closes on March 1, 2023.

Last date to be eligible to participate in buyback is December 21, 2022.

The Triveni Engineering Buyback 2022 is a Tender Offer.

Triveni Engineering Buyback 2022 Schedule

Buyback Opening DateFebruary 16, 2023
Buyback Closing DateMarch 1, 2023
Last Date for receipt of Tender FormsMarch 1, 2023
Finalisation of Buyback AcceptanceMarch 10, 2023
Last Date for settlment of bidsMarch 13, 2023
Last Date for Extinguishment of SharesMarch 20, 2023

The Triveni Engineering Buyback 2022 is being offered at Rs ₹350 per share per equity share.

CategoryEntitlement Ratio of BuybackShares Offered
Reserved Category for Small Shareholders1 Equity Shares out of every 3 Fully paid-up Equity Shares held on the Record Date.3,428,572.00
General Category for all other Eligible Shareholders1 Equity Shares out of every 12 Fully paid-up Equity Shares held on the Record Date.19,428,570.00

The record date for the Triveni Engineering Buyback 2022 is December 23, 2022.

The issue size of Triveni Engineering Buyback 2022 is of 22,857,142 equity shares at ₹350 per share aggregating upto ₹800.00 Crores.

The Buyback is being undertaken for the following reasons:

1. The Buyback will help the Company distribute surplus cash to its shareholders holding Equity Shares and promote capital efficiency, thereby increasing shareholders' value and improving return on equity.

2. The Company's dividend pay-out trend and cash reserves, the Company considers appropriate to return surplus funds to the shareholders effectively and efficiently.

All the eligible Shareholders of the Company holding either Physical Shares or Demat Shares as on the Record Date can participate in the buyback offer through their Stock Broker.

The eligible shareholder holding the shares in Demat form needs to inform their broker the details of the Equity shares they wish to tender in the Buyback Offer. The shareholder needs to transfer the tendered shares to a Special account of the clearing corporation. The broker, in turn, would place an order on the stock exchange for the buyback.

The eligible shareholder holding the shares in physical form needs to approach their broker with original share certificates and supporting documents. Upon completion of document verification, the broker places an order on the stock exchange and submits the original share certificate and TRS to the registrar.

The tender form and TRS are optional in the case of Demat shares but mandatory in the case of physical shares.

The Triveni Engineering Buyback 2022 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.


1 Comments

1. KAMMA SIVA RAMA KRISHNA     Link|December 1, 2022 8:52:41 PM
Particulars of the buyback of the shares of Cosmo First Ltd. :

CMP : Around Rs.830/-
Buyback Price: Rs.1070/-
Buyback Size: 10,09,135 shares i.e.,3.7% of the total paid up equity capital.
Buyback Mode: Tender Offer Route
Record Date: 14/12/2022
All the best to all of you. Thank you.
1.6. KAMMA SIVA RAMA KRISHNA     Link|March 3, 2023 10:22:11 AM
I am hopefully looking forward for the AR of not less than 60%. All the best.
1.7. akbcool     Link|March 3, 2023 7:07:10 PM
How many days it takes typically to get the funds of the buyback from the closing day of buyback offer. I havent received funds for Cosmos and eClerx yet.

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