Triveni Engineering & Industries Limited Buyback

Triveni Buyback
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Triveni Engineering & Industries Limited which was established in 1932 has two major components of business, sugar and engineering. The company has 7 sugar mills, six co-generation units, and 1 distillery distributed in 8 locations in Uttar Pradesh.

The engineering business has high-speed gears, gearboxes and water treatment solutions. Triveni Group also has a dedicated production and R&D unit one of the Gear and Water Treatment Applications in Mysore and Noida respectively.

The company’s sugar operations include sugar production (including refined sugar and pharmaceutical sugar), energy production (including grid energy exports) with their bagasse-based artificial plants and Ethanol production in our molasses-based distilleries.

The company has seven sugar producing regions in the Uttar Pradesh region, Cogeneration and Incidental Cogeneration plants in our five sugar mills and two food processing plants.

The company has basic skills in providing order and turnkey products solutions to our Gear and Water business.

The Company’s Gear Business has engineering, design, manufacturing and post-marketing services, including refunds and the offer of Water Business includes custom machinery / equipment solutions. Gear Business production facilities are located in Mysuru, Karnataka, and Business Water is based in Noida, with projects undertaken throughout India.

Triveni Engineering & Industries Limited is a focused, growing corporation having core competencies in the areas of sugar and engineering. The Company is one of the largest sugar manufacturers in India and the market leader in its engineering businesses comprising high-speed gears, gearboxes, and water treatment solutions.

With 7 sugar mills, 6 co-generation units, and 1 distillery spread over 8 locations in Uttar Pradesh, we progressively engage with over 250,000 farmers through our cane marketing and development programs.

As the largest Indian manufacturer of high-speed and niche low-speed gears and gearboxes, Triveni commands a dominant market share in the gears market in the region. As a focussed player in the water treatment domain, we offer end-to-end services & product mix in the technology spectrum of water and wastewater treatment. We have dedicated manufacturing and R&D unit each for Gear and Water Treatment Applications at Mysore and Noida respectively.

The two major business segments – sugar and engineering – are mutually exclusive in terms of growth factors and the environment. The sugar business is immune to the upheavals in the global economy, and is dependent only on the sugar cycle. Our engineering businesses cater to the two most critical industries – power and water.

Triveni Buyback

BuyBack Offer Deal

Buyback Type:Tender
Buyback Record Date:Aug 28 2020
Buyback Opening Date:Oct 05 2020
Buyback Closing Date:Oct 16 2020
Buyback Offer Amount:₹ 65 Cr
Date of Board Meeting approving the proposal:Aug 10 2020
Date of Public Announcement:Aug 10 2020
Buyback Offer Size:2.50%
Buyback Number of Shares:61,90,000
Price Type:Tender
FV:1
Buyback Price:₹ 105 Per Equity Share

Details of Buyback

Board on 10.08.2020, has approved the buyback of fully paid-up Equity Shares of the face value of ~ 1 (Rupee One only) each not exceeding 61,90,000 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 105 per Equity Share payable in cash for an aggregate amount not exceeding 64,99,50,000

Salient financial parameters

Particulars(in Cr)Mar-15Mar-16Mar-17Mar-18Mar-19Mar-20
Sales2,0611,9152,8243,3703,1524,437
Expenses2,0791,7902,3023,0942,8423,893
Operating Profit-18125522276309543
OPM %-1%7%18%8%10%12%
Other Income3042-36338357
Interest122115127856879
Depreciation595957555775
Profit before tax-169-7302169268446
Tax %10%1%16%29%19%
Net Profit-152-7253119216335
EPS in Rs009.814.628.3813.37

Profit from the buyback on the bases of acceptance Ratio

Buy 1904 Shares at CMP of Rs. 72 [2,00,000/105=1904)

Acceptance Ratio33%50%75%100%
Amount Invested in Buyback1,37,1421,37,1421,37,1421,37,142
No. of Shares buyback62895214281904
BuyBack Profit20724314164712462832
Profit15%22.9%35%45%

How to Participate in buyback?

1. Firstly, to be eligible for the buyback the investor should have shares of Triveni Engineering & Industries Limited Buyback 2020 in demat or physical form as on the record date [28.08.2020].
2. Once you have shares in demat, you can participate in the buyback process which is opening from [05.10.2020 to 16.10.2020] by selling your shares through your broker on NSE or BSE.
3. Then on [ 27.10.2020 ], the payment will be given to you for accepted shares and unaccepted shares will be returned to your demat account.

Company Contact Information

TRIVENI ENGINEERING and INDUSTRIES LIMITED
8th Floor,
Express Trade Towers,
Plot No. 15 & 16, Sector 16-A,
Noida-201301, Uttar Pradesh

Tel. No.: +91 120 4308000
E-mail: shares@trivenigroup.com
Website: http://www.trivenigroup.com/