At meeting held on 01 November 2018
Triveni Turbine announced that the Board of Directors of the Company at its meeting held on 01 November 2018, inter alia, has approved the proposal for buyback of fully paid equity shares of the Company having a face value of Re. 1/- each from all shareholders of the Company including promoters and members of the promoter group on a proportionate basis, through the "Tender Offer" route, at a price of Rs. 150 per Equity Share payable in cash for an aggregate amount not exceeding Rs. 100 crore.The resultant equity shares to be bought back with the maximum price is 66,66,666 Equity Shares, representing 2.02% of the total paid-up equity share capital of the Company.
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