Techno Electric & Engineering Company Ltd. is a leading provider of high quality engineering, procurement and construction services to India’s core sector industries; both in the public and private domain. With over 30 years of experience, a strong team of 150 engineers supported by 200 skilled professionals, TEECL is well positioned to lead India into the new age of rapid infrastructure development.For more than a century, India invested in conventional energy forms.
The country is now at an inflection point. Extending to renewable energy forms without emission, pollution, carbon footprint and resource depletion. TEECL is one of the first companies to make this happen through aggressive capacity creation in the renewable energy segment. The result: A business model that reconciles conventional energy management (through EPC contracting) on the one hand with nonconventional energy capacity on the other.
The country is now at an inflection point. Extending to renewable energy forms without emission, pollution, carbon footprint and resource depletion. TEECL is one of the first companies to make this happen through aggressive capacity creation in the renewable energy segment. The result: A business model that reconciles conventional energy management (through EPC contracting) on the one hand with nonconventional energy capacity on the other.
Techno Electric & Engineering Limited Buy-Back Details
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| Date of Board Meeting for Buyback Proposal | 13-12-2018 |
| Date of Buyback Approval | 13-12-2018 |
| Date Public Announcement of Buyback | 13-12-2018 |
| Buyback Type | Tender Offer |
| Buyback Record Date | 03-01-2019 |
| Buyback Opening Date | - |
| Buyback Closing Date | - |
| Buyback Amount | ₹ 109.97 Cr |
| Buyback Number of Share | 26,82,400 |
| Buyback Price | ₹ 410 Per Share |
| Face Value | ₹ 2 |
| Holding Time | 3 Months |
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Profit acceptance Ratio
Buy 487 Shares at CMP ₹ 245 [2,00,000/410 = 487] |
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| Acceptance Ratio | 33% | 50% | 75% | 100% |
| Buy Price | ₹ 245 | ₹ 245 | ₹ 245 | ₹ 245 |
| Amount Invested in Buyback | ₹ 1,19,315 | ₹ 1,19,315 | ₹ 1,19,315 | ₹ 1,19,315 |
| No. of Shares Buy | 487 | 487 | 487 | 487 |
| Earning Per Share | ₹ 165 | ₹ 165 | ₹ 165 | ₹ 165 |
| No. of Shares Buy-Back | 161 | 244 | 365 | 487 |
| BuyBack Profit | ₹ 26517 | ₹ 40177 | ₹ 60266 | ₹ 80355 |
| Profit(%) | - % | - % | - % | - % |
Techno Electric & Engineering Limited Contact Details
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Techno Electric & Engineering Company Ltd.
508-509, Skipper Corner 88, Nehru Place, New Delhi-110019. Telephone: - +91 11 3054 2900 Email:-delhi.techno@techno.co.in website :- http://www.techno.co.in |
Registrar of Techno Electric & Engineering Limited
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