[ad_1]
Techno Electric & Engineering Buyback 2022 Was announced on July 11, 2022. techno electric and engineering Buyback open date is 20 July 2022 and will close on January 19, 2023. Techno Electric & Engineering Buyback Record date not fixed as this is an open market buyback offer, To be eligible for the buyback, the investor must purchase the Techno Electric & Engineering shares before the record date.
The Techno Electric & Engineering buyback of ₹ 130 crore approved by the Board of Directors in the meeting was held on June 11, 2022. Techno Electric and Engineering buyback will be done through open market route through stock exchange mechanism. The Board of Directors of the Company has approved the buyback of its fully paid up equity shares by the Company with the face value of each equity share not exceeding ₹325 per equity share and the aggregate amount not exceeding ₹130. crores from shareholders. Check out Techno Electric & Engineering Buyback 2022 details below:
Techno Electric & Engineering Company Limited (TEECL) is one of the most important power-infrastructure companies in India. They are at the helm of engineering, procurement and construction (EPC), asset ownership and operation and maintenance services in the three industry sectors of generation, transmission and distribution. Incorporated in 1963 and headquartered in Kolkata, their operations are spread across India and abroad. TEECL was established with the mission of providing comprehensive Engineering, Procurement and Construction (EPC) services to key sector industries in India. The company has assumed a leadership position based on collaboration with state-of-the-art technology manufacturers and high standards of quality management, competent human resource, and resourceful financing.
Techno Electric & Engineering Buyback 2022 Dates
| Buyback meeting date: | 11 June 2022 |
| Buyback Announcement Date: | 11 June 2022 |
| Buyback Record Date: | free market |
| Buyback Open Date: | 20 July 2022 |
| Buyback closing date: | January 19, 2023 |
| Finalizing Buyback Acceptance: | n/a |
Techno Electric & Engineering Buyback 2022 Offer Details
Techno Electric & Engineering Buyback 40,00,000 Equity Shares At the expense of ₹325 per equity share, Buyback offer should not exceed ₹130 crore of the total buyback offer size.
| Offer Amount: | ₹130 crore |
| number of shares: | 40,00,000 common share |
| Face value: | ₹2 per equity share |
| Buyback Price: | ₹325 per equity share |
| Listing: | BSE and NSE |
| Buyback Type: | free market |
| letter of Offer: | click here |
Techno Electric & Engineering Buyback 2022 Acceptance Ratio
The investor should buy approximately 615 shares at the current market price of ₹ 305 (as on July 15, 2022). The calculation would be ₹2,00,000 / ₹325 buyback value = 615 shares.
| acceptance ratio | Investment | share buyback | Benefit |
| 33% | ₹187,692 | 203 | 4,060 |
| 50% | ₹187,692 | 307 | 6,140 |
| 75% | ₹187,692 | 461 | 9,220 |
| 100% | ₹187,692 | 615 | 12,300 |
Techno Electric & Engineering Financial Report
| ₹ in crore | |||||
| year | revenue | Expense | to Pat |
||
| 2020 | ₹921 | ₹666 | 176 | ||
| 2021 | ₹972 | ₹680 | ₹200 | ||
| 2022 | ₹1224 | ₹857 | ₹260 | ||
How to participate in Techno Electric & Engineering Buyback 2022?
Those investors are eligible for buyback scheme, having shares of Techno Electric and Engineering in their demat account free market, Eligible shareholders can participate in the Techno Electric & Engineering Buyback 2022 plan by selling their shares as per the initial form. The payment will be made as per the shares accepted by the company under the Techno Electric & Engineering buyback scheme.
Techno Electric & Engineering Buyback 2022 Registrar
Ala Technologies Pvt. Ltd.
D-511, Bagri Market,
71, BRB Basu Road,
Kolkata – 700 001, West Bengal, India
Phone: 2235-7270/7271
Email: [email protected]
Website: http://www.nichetechpl.com
Techno Electric & Engineering Buyback 2022 Lead Managers
- Trans Scan Securities Private Limited
techno electric and engineering company address
Techno Electric & Engineering Company Limited
1B, Park Plaza,
South Block, 71, Park Street,
Kolkata 700016
Phone: +91 33 4051 3000
Email:[email protected]
Website: http://www.techno.co.in/
How to implement Techno Electric and Engineering buyback through Zerodha?
Log in to the console in the Zerodha website or application. Go to Portfolio and click on Corporate Action. You will see the company name “Techno Electric & Engineering”. Click on Place Order. Enter your quantity and submit the Techno Electric & Engineering Buyback Application Form.
How to implement Techno Electric and Engineering buyback through Upstox?
Log in to the Upstox application with your credentials. Select the Account section. You will see the company name “Techno Electric & Engineering”. Click on Techno Electric & Engineering Stock for Buyback. Enter your quantity and submit the Techno Electric & Engineering Buyback Application Form.
How to Apply Techno Electric & Engineering Buyback through Paytm Money?
Log in to Paytm Money Application with your credentials. Select Techno Electric & Engg. Enter your quantity and submit the Techno Electric & Engineering Buyback Application Form.
Techno Electric & Engineering Buyback 2022 FAQ
When is Techno Electric & Engineering Buyback 2022 Record Date?
Techno Electric & Engineering buyback 2022 is record date free market,
When is Techno Electric & Engineering Buyback 2022 Open Date?
Techno Electric & Engineering Buyback is 2022 Open Date 20 July 2022,
Techno Electric & Engineering Buyback 2022 What is the price?
The company has fixed the price ₹325 per share.
How to apply for Techno Electric & Engineering Buyback 2022?
You should have shares of Techno Electric and Engineering in your demat account as on the record date. You can participate in buybacks once you have stock in your account.
Follow IPO. look for Upcoming IPO News And their reviews, keep following us too Twitter, FacebookAnd instagram, Subscribe to us for our latest videos Youtube channel,
[ad_2]
Source link
