Comparison between TCI Express Buyback and Techno Electric Buyback.
TCI Express Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE while Techno Electric Buyback is a Open Market Through Stock Exchange proposed to list at BSE, NSE.
| TCI Express Ltd. | Techno Electric & Engineering Company Ltd. | |
|---|---|---|
| Logo |  |  |
| Type of Buyback | Open Market Through Stock Exchange | Open Market Through Stock Exchange |
| Listing At | BSE | BSE, NSE |
| Face Value | ₹2 per share | ₹2 per share |
| Buyback Price | ₹2050 per share | ₹325 per share |
| Issue Size | ||
| Issue Size (Amount) | ₹75.00 Crores | ₹130.00 Crores |
| Buyback Ratio | ||
| Registrar | Kfin Technologies Ltd. | Niche Technologies Pvt.Ltd. |
| Lead Managers | Motilal Oswal Investment Advisors Ltd. | |
| Necessity of the buyback | The buyback is being undertaken for the following reasons: 1. The Buyback is generally expected to improve return on equity, through distribution of cash and improve eamings per share by reduction in the Equity base, thereby leading to long term increase in Members' value. | The buyback is being undertaken for the following reason:
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TCI Express Buyback and Techno Electric Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. TCI Express Buyback Buyback record date is . Techno Electric Buyback Buyback record date is .
| TCI Express Ltd. | Techno Electric & Engineering Company Ltd. | |
|---|---|---|
| Record Date | ||
| Offer Open Date | Aug 18, 2022 | Jul 20, 2022 |
| Offer Closure Date | Feb 13, 2023 | Jan 19, 2023 |
| Last date for receipt of tender forms | ||
| Finalisation of buyback | ||
| Last Date for settlment of bids | ||
| Last Date for extinguishment of shares |
Comparison of TCI Express Buyback and Techno Electric Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
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| Stock price at BSE | Stock price at BSE (in preceding 3 months)
| Stock price at BSE (in preceding 3 months)
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| Stock price at NSE | Stock price at NSE (in preceding 3 months)
| Stock price at NSE (in preceding 3 months)
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