Triveni Turbine Buyback 2022 Record Date, Buyback Price, Entitlement Ratio


Last updated on January 17, 2023

Triveni Turbine Buyback

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 Dates17 – 31 January 2023
Triveni Turbine Buyback Price INR 350 per share
Buyback Offer Size (Shares)54,28,571 shares
Buyback offer as % of total shares1.68 %
Buyback Offer Size (Amount)INR 190 Crore
Offer TypeTender
Promoter ParticipationYes
Face Value INR 1 per share
Listing AtBSE, NSE

Triveni Turbine Buyback Dates (Timeline)

Board Meeting for Buyback Proposal02 November 2022
Buyback Approval Date02 November 2022
Public Announcement of Buyback14 December 2022
Triveni Turbine Buyback Record Date23 December 2022
Buyback Opening Date17 January 2023
Buyback Closing Date31 January 2023
Cut-off Date to receive completed tender forms by Registrar31 January 2023
Verification Date by the Registrar8 February 2023
Return of unaccepted shares by Registrar9 February 2023
Extinguishment of accepted shares16 February 2023

Triveni Turbine Buyback 2022 Documents

Letter of Offer
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback

Triveni Turbine Buyback Entitlement Ratio

Shareholder CategoryEntitlement RatioEntitlement 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 2019FY 2020FY 2021FY 2022
Total Income844.97831.74716.62837.86
Total Expenses689.17669.49576.82478.11
Net income 87.55110.0688.73249.50
Figures in INR crore unless specified otherwise

Calculation of Investment in Buyback

Maximum market value of a share holder as on record dateINR 2,00,000
Buyback price per shareINR 350
Maximum shares for small shareholder (2,00,000/350)572 shares*
Closing price of stock as on 02 November 2022INR 282.90 **
Maximum amount invested in buyback (INR 282.90 x 572 shares)INR 1,61,819
* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date

Triveni Turbine Buyback Profit Guidance

Shares Tendered Buyback EntitlementAcceptanceBuyback ProfitProfit in %
5729090 (100%)6,0393.73
57290180 (200%)12,0787.46
57290270 (300%)18,11711.20

Registrar of Triveni Turbine Buyback 2022

Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Phone: +91 4067162222
Email: [email protected]

Manager of Triveni Turbine Buyback 2022

Ambit House, 449,
Senapati Bapat Marg, Lower
Parel, Mumbai – 400 013
Tel. No. +91 22 6623 3030
Email: [email protected]

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 17 January 2023 and closes on 31 January 2023.

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 23 December 2022.


Please enter your comment!
Please enter your name here