• With a market valuation of ₹9,524.58 Crore, Triveni Turbine Limited is a mid-sized company engaged in the Industrial industry.
With a market valuation of ₹9,524.58 Crore, Triveni Turbine Limited is a mid-sized company engaged in the Industrial industry. With an impressive market share of over 60% in India, Triveni Turbine Limited is one of the top manufacturers of industrial steam turbines. More than 5,000 steam turbines provided by Triveni have been deployed in 20 regions in over 70 countries including Europe, Africa, Central and Latin America, South East Asian and SAARC countries.
The company said in a stock exchange filing today that "This is in furtherance of our communication letter dated November 2, 2022, informing the stock exchanges about the decision of the Board of Directors of Triveni Turbine Limited (the "Company"). Its meeting to be held on November 2, 2022, to consider the buyback of fully paid-up Equity Shares of the Company having face value of INR 1/- (Indian Rupee One only) (“Equity Shares”) through a “Tender Offer” 350/- (Indian Rupees Three Hundred Fifty Only) per Equity Share, payable in cash, out of an aggregate amount of INR 190,00,00,000/- (Indian Rupees One Hundred Ninety Crore Only) after having made and approved Not exceeding, excluding the expenses incurred for the transaction (such as "buyback" buyback). Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and the Securities and Exchange Board of India In accordance with Regulation 9(i) of the Board (Buy-back of Securities) Regulations, 2018, as amended, the Company has prescribed the names of the holders of the Eligibility and Equity Shares. has fixed Friday, the 23rd December, 2022 as the record date for the purpose of making those eligible to participate in the buyback."
Shares of Triveni Turbine Ltd today closed at ₹296.20, up 0.71% from previous close of ₹294.10. The stock recorded a total volume of 279,312 shares as compared to the 20-day average volume of 597,159 shares. In last 1 year, the stock has gained 55.94% and on YTD basis, the stock has gained 54.75% in 2022 so far. The stock had touched a 52-week high of ₹307.60 on (09-Dec-2022). and a 52-week low of ₹147.25 on (17-Jun-2022), indicating that the stock at the current market price is trading 101.15% above 1-year low and 3.70% below recent 1-year high. doing.
1 comment:
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