01 Oct 20 | 14:16
Triveni Engineering & Industries Ltd
Exchange Received Time
Exchange Disseminated Time
Corporate Action-Buy back |
The Board of Directors of the Company, at its meeting held on August 10,2020, have approved the buyback of fully paid up Equity Shares of face value of Re.1 (Rupee One
only) each not exceeding 61,90,000 (Sixty one lakh ninety thousand) Equity Shares (representing 2.50% of the total paid-up equity share capital of the Company as on March
31, 2020) at a price of Rs.105 (Rupees One hundred five only) per Equity Share payable in cash for an aggregate amount not exceeding Rs.64,99,50,000 (Rupees Sixty four crore ninety nine lakh and fifty thousand only), excluding taxes and transaction cost.
In terms of the Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 9(1) of the Buyback Regulations, fixed Friday, August 28, 2020 as the Record Date for determining the entitlement and the names of the Eligible Shareholders / Beneficial Owners to whom the letter of offer will
be sent and who will be eligible to participate in the Buyback.
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01 Oct 20|14:16 (IST)