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Techno Electric & Engineering Buyback 2022 Record Date, Price & Ratio Details

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Techno Electric & Engineering buyback 2022 was announced on July 11, 2022. The Techno Electric & Engineering buyback open date is July 20, 2022 and will close on January 19, 2023. Techno Electric & Engineering buyback record date is not fixed as it is an Open Market buyback offer. The investor should buy the Techno Electric & Engineering shares before the record date to get eligibility for the buyback.

Techno Electric & Engineering Buyback of ₹130 crores approved by the board of directors at the meeting was held on June 11, 2022. Techno Electric & Engineering Buyback will be done via the Open Market route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹2 each equity share at a price not exceeding ₹325 per Equity Share and for an aggregate amount not exceeding ₹130 crores from the shareholders. Check out Techno Electric & Engineering Buyback 2022 details below:

Techno Electric & Engineering Company Ltd. (TEECL) is one of India’s most important power-infrastructure companies. They are at the top of Engineering, Procurement and Construction (EPC), asset ownership, and operations and maintenance services in the three industry segments of generation, transmission, and distribution. Incorporated in 1963 and headquartered in Kolkata, their operations are spread across India and abroad. TEECL was established with a mission to provide comprehensive Engineering, Procurement, and Construction (EPC) services to core sector industries in India. The Company has assumed a leadership position on the back of association with state-of-the-art technology manufacturers and high standards of quality management, competent human resources, and resourceful financing.

Techno Electric & Engineering

    Techno Electric & Engineering Buyback 2022 Dates

     Buyback Meeting Date: June 11, 2022
     Buyback Announcement Date: June 11, 2022
     Buyback Record Date: Open Market
     Buyback Open Date: July 20, 2022
     Buyback Close Date: January 19, 2023
     Finalization of Buyback Acceptance: N/A

    Techno Electric & Engineering Buyback 2022 Offer Details

    Techno Electric & Engineering buyback of 40,00,000 equity shares at a price of ₹325 per equity share. The buyback offers not to exceed ₹130 crores of the total buyback offer size.

     Offer Amount: ₹130 Crores
     Number of Shares: 40,00,000 Equity Shares
     Face Value: ₹2 per equity share
     Buyback Price: ₹325 per equity share
     Listing: BSE & NSE
     Buyback Type: Open Market
     Letter of Offer: Click Here

    Techno Electric & Engineering Buyback 2022 Acceptance Ratio

    The investor should buy around 615 shares at a current market price of ₹305 (as of July 15, 2022). The calculation will be ₹2,00,000 / ₹325 buyback price = 615 shares.

    Acceptance RatioInvestmentShares BuybackProfit
    33%₹187,6922034,060
    50%₹187,6923076,140
    75%₹187,6924619,220
    100%₹187,69261512,300

    Techno Electric & Engineering Financial Report

      ₹ in Crores
    YearRevenueExpensePAT
    2020₹921₹666176
    2021₹972₹680₹200
    2022₹1224₹857₹260

    How to Participate in Techno Electric & Engineering Buyback 2022

    The investors are eligible for the buyback scheme who have Techno Electric & Engineering shares in their Demat account as the Open Market. Eligible Share Holders can participate in the Techno Electric & Engineering Buyback 2022 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under 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
    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
    Website: http://www.techno.co.in/

    How to Apply the Techno Electric & Engineering Buyback through 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 through Upstox?

    Log in to 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 Techno Electric & Engineering Buyback Application Form.

    How to Apply the Techno Electric & Engineering Buyback through Paytm Money?

    Log in to Paytm Money Application 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 record date is Open Market.

    When is Techno Electric & Engineering Buyback 2022 Open Date?

    Techno Electric & Engineering buyback 2022 open date is July 20, 2022.

    What is Techno Electric & Engineering Buyback 2022 Price?

    The company has fixed the price at ₹325 per share.

    How to apply for Techno Electric & Engineering Buyback 2022?

    As per the record date you need to have Techno Electric & Engineering shares in your Demat account. You can participate in buyback after having the stock in your account.

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