Triveni Engineering and Industries Ltd fixes Dec 23, 2022 as record date for buyback

The board of directors of Triveni Engineering & Industries Limited (the Company"), at its meeting held on November 5, 2022, had considered and approved buyback of fully paid up equity shares of the Company having a face value of INR 1/- (Indian Rupee One Only) ("Equity Shares") through the "tender offer" route, at a price of INR 350/- (Indian Rupees Three hundred fifty only) per Equity Share, payable in cash, for an aggregate amount not exceeding INR 800,00,00,000/- (Indian Rupees Eight hundred crores only), excluding expenses to be incurred for the transaction (such buyback the "Buyback).

The members of the Company have approved the Buyback by passing a special resolution through postal ballot. Kindly refer to our letter dated December 12, 2022 intimating the results of the postal ballot.

The Company has fixed Friday, December 23, 2022, as the Record Date for the purpose of determining the entitlement and the names of the holders of the Equity Shares who shall be eligible to participate in the Buyback.

Shares of Triveni Engineering & Industries Limited was last trading in BSE at Rs. 280.50 as compared to the previous close of Rs. 281.55. The total number of shares traded during the day was 38924 in over 982 trades.

The stock hit an intraday high of Rs. 281.80 and intraday low of 276.75. The net turnover during the day was Rs. 10876320.00.

Source : Equity Bulls

Keywords

TriveniEngineeringandIndustries INE256C01024 Buyback RecordDate