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Comparision between International Conveyors Buyback and Triveni Turbine Buyback.
International Conveyors Buyback is a Open Market Through Stock Exchange buyback proposed to list at BSE, NSE while Triveni Turbine Buyback is a Tender Offer proposed to list at BSE, NSE.
International Conveyors Limited | Triveni Turbine Limited | |||||||
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Logo | ||||||||
Type of Buyback | Open Market Through Stock Exchange | Tender Offer | ||||||
Listing At | BSE, NSE | BSE, NSE | ||||||
Face Value | ₹1 per share | ₹1 per share | ||||||
Buyback Price | ₹75 per share | ₹350 per share | ||||||
Issue Size | 54,28,571 shares | |||||||
Issue Size (Amount) | ₹29.70 Crores | ₹190.00 Crores | ||||||
Buyback Ratio |
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Registrar | Maheshwari Datamatics Pvt. Ltd | Kfin Technologies Limited | ||||||
Lead Managers | Keynote Financial Services Ltd | Ambit Private Limited | ||||||
Necessity of the buyback | The Buyback is being undertaken for the following reasons: The Board of Directors of the Company is of the view that the Buyback will help the Company effectively utilize its available surplus funds, which is in excess of the amount needed to be retained by the Company for the future growth. |
The Buyback is being undertaken, inter-alia, for the following reasons: Taking into account the operational and strategic cash requirements of the Company in the medium term (including investment in growth plans and associated capital expenditure), the Company's dividend pay-out trend and cash reserves, the Company considers appropriate to return surplus funds to the shareholders in an effective and efficient manner. The Buyback will help the Company to distribute surplus cash to its shareholders holding Equity Shares and will promote capital efficiency and thereby increasing shareholders' value and improving return on equity to the management of the Company's business during that year and to the amount and character of the financial resources which will, in the Board's view. |
International Conveyors Buyback and Triveni Turbine Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. International Conveyors Buyback Buyback record date is . Triveni Turbine Buyback Buyback record date is Dec 23, 2022.
International Conveyors Limited | Triveni Turbine Limited | |
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Record Date | Dec 23, 2022 | |
Offer Open Date | Nov 03, 2022 | Jan 17, 2023 |
Offer Closure Date | May 03, 2023 | Jan 31, 2023 |
Last date for receipt of tender forms | Jan 31, 2023 | |
Finalisation of buyback | Feb 08, 2023 | |
Last Date for settlment of bids | Feb 09, 2023 | |
Last Date for extinguishment of shares | Feb 16, 2023 |
Comparison of International Conveyors Buyback and Triveni Turbine Buyback financial data. The table below also includes a list of all relevant information like Stock Market Data, Compay Information, Lead Manager and Registrar.
International Conveyors Limited | Triveni Turbine Limited | |||||||||||||||||||||||||||||||||||||||||
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Stock price at BSE | Stock price at BSE (in preceding 3 months)
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Stock price at BSE (in preceding 3 months)
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Stock price at NSE | Stock price at NSE (in preceding 3 months)
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Stock price at NSE (in preceding 3 months)
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