Triveni Turbine Buyback 2022 description – The company is a leading industrial steam turbine manufacturer, with a dominant market share of over 60% in India for over five decades. It has delivered robust, reliable and efficient steam turbine solutions. Over 5,000 steam turbines supplied by Triveni have been installed across 20 industries in over 70 countries, including Europe, Africa, Central & Latin America, SE Asian and SAARC countries.
It offers a wide suite of integrated solutions like erection & commissioning, spare parts, operations & maintenance and refurbishing, among others. The company operates in high-capacity range up to 100 MW turbines. It operates a state-of-the-art manufacturing facility in Bengaluru, India. The facility is equipped to provide complete manufacturing, assembly, testing and refurbishing services.
The Company caters to varied and diverse industries like Biomass IPP, Municipal Solid Waste IPP, District Heating, Palm Oil, Paper, Sugar, Naval, Textiles, Metals, Cement, Carbon Black, Solvent Extraction, Pharmaceutical, Chemicals, Petrochemicals, Fertilizers, Oil & Gas Municipal Solid Waste based Independent Power Plants (IPPs), and Captive Power Plants (CPPs).
Triveni Turbine Share Buyback 2022 Details
|Buyback Dates||Coming soon|
|Triveni Turbine Buyback Price||INR 350 per share|
|Buyback Offer Size (Shares)||54,28,571 shares|
|Buyback offer as % of total shares||1.68 %|
|Buyback Offer Size (Amount)||INR 190 Crore|
|Face Value||INR 1 per share|
|Listing At||BSE, NSE|
Triveni Turbine Buyback Dates (Timeline)
|Board Meeting for Buyback Proposal||02 November2022|
|Buyback Approval Date||02 November2022|
|Public Announcement of Buyback||Coming soon|
|Triveni Turbine Buyback Record Date||Coming soon|
|Buyback Opening Date||Coming soon|
|Buyback Closing Date||Coming soon|
|Cut-off Date to receive completed tender forms by Registrar||Coming soon|
|Verification Date by the Registrar||Coming soon|
|Return of unaccepted shares by Registrar||Coming soon|
|Extinguishment of accepted shares||Coming soon|
Triveni Turbine Buyback 2022 Documents
Triveni Turbine Buyback Entitlement Ratio
|Shareholder Category||Entitlement Ratio||Entitlement Ratio (in %)|
|Small Shareholders |
(shares less than INR 2 Lakh)
|General category |
(for all other Eligible Shareholders)
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.
Triveni Turbine Ltd’s Financial Performance
|FY 2019||FY 2020||FY 2021||FY 2022|
Calculation of Investment in Buyback
|Maximum market value of a share holder as on record date||INR 2,00,000|
|Buyback price per share||INR 350|
|Maximum shares for small shareholder (2,00,000/350)||572 shares*|
|Closing price of stock as on 02 November 2022||INR 282.90 **|
|Maximum amount invested in buyback (INR 282.90 x 572 shares)||INR 1,61,819|
** For simplicity, we have considered price on buyback approval date
Triveni Turbine Buyback Profit Guidance
|Shares Tendered||Buyback Entitlement||Acceptance||Buyback Profit||Profit in %|
Registrar of Triveni Turbine Buyback 2022
Manager of Triveni Turbine Buyback 2022
Process to Participate in Triveni Turbine Buyback
All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stock broker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Frequently Asked Questions
When does Triveni Turbine share buyback offer open?
Triveni Turbine share buyback opens on NA 2022 and closes on NA 2022.
Which type of buyback is Triveni Turbine buyback offer?
Triveni Turbine buyback is a tender offer.
What is Triveni Turbine buyback price?
Triveni Turbine buyback price is INR 350 per share.
What is Triveni Turbine buyback record date?
Triveni Turbine buyback record date is NA 2022.