Indian Energy Exchange Buyback vs Triveni Engineering Buyback 2022

The Buyback is being undertaken for the following reasons:

1. The Buyback gives the Company an opportunity to distribute surplus cash to its shareholders.
2. The buyback may help in improving return on equity and other financial ratios, by a reduction in the equity base, thereby leading to a long-term increase in shareholders' value.
3. The buyback gives an option to the existing equity shareholders to participate in the Buyback and receive cash in lieu of equity shares.

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.