Techno Electric & Engineering buyback 2022 was introduced on July 11, 2022. The Techno Electric & Engineering buyback open date is July 20, 2022 and can shut on January 19, 2023. Techno Electric & Engineering buyback document date isn’t fastened as it’s an Open Market buyback provide. The investor should purchase the Techno Electric & Engineering shares earlier than the document date to get eligibility for the buyback.
Techno Electric & Engineering Buyback of ₹130 crores permitted by the board of administrators on the assembly was held on June 11, 2022. Techno Electric & Engineering Buyback shall be achieved through the Open Market route by way of the inventory alternate mechanism. The board of administrators of the corporate permitted the buyback by the Company of its totally paid-up fairness shares having a face worth of ₹2 every fairness share at a worth not exceeding ₹325 per Equity Share and for an combination quantity not exceeding ₹130 crores from the shareholders. Check out Techno Electric & Engineering Buyback 2022 particulars beneath:
Techno Electric & Engineering Company Ltd. (TEECL) is considered one of India’s most vital power-infrastructure corporations. They are on the high of Engineering, Procurement and Construction (EPC), asset possession, and operations and upkeep providers within the three business segments of technology, transmission, and distribution. Incorporated in 1963 and headquartered in Kolkata, their operations are unfold throughout India and overseas. TEECL was established with a mission to offer complete Engineering, Procurement, and Construction (EPC) providers to core sector industries in India. The Company has assumed a management place on the again of affiliation with state-of-the-art expertise producers and excessive requirements of high quality administration, competent human assets, and resourceful financing.
Techno Electric & Engineering Buyback 2022 Dates
| Â Buyback Meeting Date: | Â June 11, 2022 |
| Â Buyback Announcement Date: | Â June 11, 2022 |
|  Buyback Record Date: |  Open Market |
| Â Buyback Open Date: | Â July 20, 2022 |
| Â Buyback Close Date: | Â January 19, 2023 |
| Â Finalization of Buyback Acceptance: | Â N/A |
Techno Electric & Engineering Buyback 2022 Offer Details
Techno Electric & Engineering buyback of 40,00,000 fairness shares at a worth of ₹325 per fairness share. The buyback gives to not exceed ₹130 crores of the overall buyback provide measurement.
|  Offer Amount: |  ₹130 Crores |
| Â Number of Shares: | Â 40,00,000Â Equity Shares |
|  Face Value: |  ₹2 per fairness share |
|  Buyback Price: |  ₹325 per fairness share |
| Â Listing: | Â BSE & NSE |
| Â Buyback Type: | Â Open Market |
| Â Letter of Offer: | Â Click Here |
Techno Electric & Engineering Buyback 2022 Acceptance Ratio
The investor should purchase round 615 shares at a present market worth of ₹305 (as of July 15, 2022). The calculation shall be ₹2,00,000 / ₹325 buyback worth = 615 shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 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 Crores | |||||
| Year | Revenue | Expense | PAT |
||
| 2020 | ₹921 | ₹666 | 176 | ||
| 2021 | ₹972 | ₹680 | ₹200 | ||
| 2022 | ₹1224 | ₹857 | ₹260 | ||
How to Participate in Techno Electric & Engineering Buyback 2022
The buyers are eligible for the buyback scheme who’ve Techno Electric & Engineering shares of their Demat account because the Open Market. Eligible Share Holders can take part within the Techno Electric & Engineering Buyback 2022 scheme as per the opening kind by promoting their shares. The cost shall be given as per the accepted shares by the corporate below the Techno Electric & Engineering buyback scheme.
Techno Electric & Engineering Buyback 2022 Registrar
Niche Technologies Pvt. Ltd
D-511, Bagree Market,
71, B R B 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 & 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 Apply the Techno Electric & Engineering Buyback by way of Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Techno Electric & Engineering”. Click on Place Order. Enter your Quantity and submit Techno Electric & Engineering Buyback Application Form.
How to Apply the Techno Electric & Engineering Buyback by way of Upstox?
Log in to Upstox Application along 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 Techno Electric & Engineering Buyback Application Form.
How to Apply the Techno Electric & Engineering Buyback by way of Paytm Money?
Log in to Paytm Money Application along with your credentials. Select the Techno Electric & Engineering. Enter your Quantity and submit Techno Electric & Engineering Buyback Application Form.
Techno Electric & Engineering Buyback 2022 FAQs
When is Techno Electric & Engineering Buyback 2022 Record Date?
Techno Electric & Engineering buyback 2022 document date is Open Market.
When is Techno Electric & Engineering Buyback 2022 Open Date?
What is Techno Electric & Engineering Buyback 2022 Price?
How to use for Techno Electric & Engineering Buyback 2022?
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