Shanthi Gears Limited Buy-Back Details

We are an Industrial Gearing Solutions Company. We design and manufacture Gears, Gearboxes, Geared Motors and Gear Assemblies, using our contemporary integrated manufacturing facilities. Spanning over four decades of manufacturing excellence, we are now a part of the 4.6 Billion US$ Murugappa group (since 2013) that has opened up enormous possibilities to explore new frontiers in technology, capabilities, product segments and markets.

Shanthi Gears—a subsidiary of Tube Investments of India—is a pioneer in gear manufacturing and ranks amongst India’s top gear manufacturers today. For over four decades now, Shanthi Gears, has been the preferred name for gear and gear box solutions, for some of the biggest names in the industry. We are committed to offering precision engineering, reliable quality and complete solutions

Shanthi Gears Limited Buy-Back Details
Date of Board Meeting for Buyback Proposal	26-12-2018
Date of Buyback Approval	26-12-2018
Date Public Announcement of Buyback	26-12-2018
Buyback Type	Tender Offer
Buyback Record Date	08-02-2019
Buyback Opening Date	-
Buyback Closing Date	-
Buyback Amount	₹ 70 Cr
Buyback Number of Share	5,00,00,000
Buyback Price	₹ 140 Per Share
Face Value	₹ 1
Holding Time	3 Months
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Profit acceptance Ratio Buy 1428 Shares at CMP ₹ 128 [2,00,000/140 = 1428]
Acceptance Ratio	33%	50%	75%	100%
Buy Price	₹ 128	₹ 128	₹ 128	₹ 128
Amount Invested in Buyback	₹ 1,82,784	₹ 1,82,784	₹ 1,82,784	₹ 1,82,784
No. of Shares Buy	1428	1428	1428	1428
Earning Per Share	₹ 12	₹ 12	₹ 12	₹ 12
No. of Shares Buy-Back	471	714	1071	1428
BuyBack Profit	₹ 5654	₹ 8568	₹ 12582	₹ 17136
Profit(%)	- %	- %	- %	- %

Shanthi Gears Limited Contact Details
Shanthi Gears Limited 304-A, Shanthi Gears Road, Singanallur, Coimbatore – 641 005, Tamil Nadu, India. Tel No :- +91 422 4545745 FAX :- +91 422 4545700 Email ID:- info@shanthigears.murugappa.com Website :- http://www.shanthigears.com

Registrar of Shanthi Gears Limited
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