Weekly Stock Recommendation [25-10-2021 to 29-10-2021]
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SBIN W-1 Buy 502.95 498 508 513++ 494 513.50 2nd Target Hit
ICICIBANK W-2 Buy 759.30 752 768 775++ 745 867 2nd Target Hit
RELIANCE W-3 Buy 2627.40 2610 2690 2720++ 2600 2680 -
AXISBANK W-4 Buy 816.70 805 828 832++ 800 855 2nd Target Hit
JUBLFOOD W-5 Buy 3701.25 3650 3789 3820++ 3630 - 2nd Target Hit
LT W-6 Buy 1792.25 1780 1828 1840++ 1765 - -
SBICARD W-7 Buy 1129.50 1115 1145 1160++ 1100 1148 1st Target Hit
TVSMOTOR W-8 Buy 619.80 604 630 639++ 598 - only Risk Trader
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Kotyark Industries IPO Details 21-10-2021 25-10-2021 ₹ 11.26 Cr ₹ 51 2000 ₹ 1,02,000 -

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
- -
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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