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Comparision between Orbit Exports Buyback and Triveni Turbine Buyback.
Orbit Exports Buyback is a Tender Offer buyback proposed to list at BSE, NSE while Triveni Turbine Buyback is a Tender Offer proposed to list at BSE, NSE.
Orbit Exports Limited | Triveni Turbine Limited | |||||||||||||
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Type of Buyback | Tender Offer | Tender Offer | ||||||||||||
Listing At | BSE, NSE | BSE, NSE | ||||||||||||
Face Value | ₹10 per share | ₹1 per share | ||||||||||||
Buyback Price | ₹245 per share | ₹350 per share | ||||||||||||
Issue Size | 4,08,163 shares | 54,28,571 shares | ||||||||||||
Issue Size (Amount) | ₹10.00 Crores | ₹190.00 Crores | ||||||||||||
Buyback Ratio |
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Registrar | Link Intime India Private Ltd | Kfin Technologies Limited | ||||||||||||
Lead Managers | Keynote Financial Services Ltd | Ambit Private Limited | ||||||||||||
Necessity of the buyback | The Buyback is being undertaken, inter-alia, for the following reasons:
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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. |
Orbit Exports Buyback and Triveni Turbine Buyback buyback timetable. The investors should have the company's shares in their demat accounts as of the record date. Orbit Exports Buyback Buyback record date is Nov 18, 2022. Triveni Turbine Buyback Buyback record date is Dec 23, 2022.
Orbit Exports Limited | Triveni Turbine Limited | |
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Record Date | Nov 18, 2022 | Dec 23, 2022 |
Offer Open Date | Dec 15, 2022 | Jan 17, 2023 |
Offer Closure Date | Dec 28, 2022 | Jan 31, 2023 |
Last date for receipt of tender forms | Dec 28, 2022 | Jan 31, 2023 |
Finalisation of buyback | Jan 05, 2023 | Feb 08, 2023 |
Last Date for settlment of bids | Jan 06, 2023 | Feb 09, 2023 |
Last Date for extinguishment of shares | Jan 13, 2023 | Feb 16, 2023 |
Comparison of Orbit Exports 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.
Orbit Exports 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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