2 Record Dates For Buyback Of Shares: Small Cap Sugar, Mid Cap Holding Stocks Announce

2 leading companies have today fixed record date for buyback of shares. These two companies are Triveni Engineering & Industries Ltd and Kama Holdings Ltd. Triveni Engineering & Industries is a small cap company operating in Sugar sector while Kama Holdings Ltd is mid cap company operating in Holding Company sector. Both the companies have given multibagger returns. Check key takeaways below:

1. Triveni Engineering & Industries Sets Record Date For Buyback Of Shares

The board of directors of the company stated in the BSE filing dated December 12, 2022, "Pursuant to Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and Regulation 9(i) of the Securities and Exchange Board of India (Buy-Back of Securities) Regulations, 2018, as amended, the Company has fixed Friday, December 23, 2022, as the Record Date for the purpose of determining the entitlement and the names of the holders of the Equity Shares who shall be eligible to participate in the Buyback."

Earlier, board of directors at a meeting held on November 5, 2022 considered and approved buyback of fully paid up equity shares of the Company having a face value of INR 1/- (Indian Rupee One Only) ("Equity Shares") through the "tender offer" route, at a price of INR 350/- (Indian Rupees Three hundred fifty only) per Equity Share, payable in cash, for an aggregate amount not exceeding INR 800,00,00,000/- (Indian Rupees Eight hundred crores only), excluding expenses to be incurred for the transaction (such buyback the "Buyback).

2. Triveni Engineering & Industries Stock Performance & Return

The last trading price of the stock is Rs 280 apiece with less then 1% intraday fall. The company has a market capitalisation of Rs 6781 crore. The sugar sector stock has given 244% return in last 5-years, 350% return in last 3-years, and 28% return in last 1-year.

3. Kama Holdings Ltd Fixes Record Date For Buyback Of Shares

The board of directors of Kama Holdings said, "In terms of Regulation 42 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 and Regulation 9(i) of SEBI (Buy -Back of Securities) Regulations, 2018 and other applicable provisions, we would like to inform you that the Board of Directors of the Company, at its meeting held on Monday, December 12, 2022, has fixed Friday, December 23, 2022 as the 'Record Date' to determine: (a) the entitlement and names of the shareholders who are eligible to participate; and (b) the shareholders to whom the Letter of Offer and Tender Form will be delivered in relation to the Buyback."

Earlier, the company announced buyback of fully paid up Equity Shares of face value of INR 10 (Ten only) each not exceeding 34,500 (thirty four thousand five hundred only) Equity Shares (representing 0.53% of the total paidup equity share capital of the Company as on the date of Board Meeting) at a price of INR 14,500 (fourteen thousand five hundred only) per Equity Share payable in cash for an aggregate amount not exceeding INR 50,02,50,000 (Fifty Crores two lakhs and fifty thousand only).

4. Kama Holdings Ltd Stock Outlook & Return

The last trading price of the stock is Rs 13,788 apiece with intraday gain of over 1%. It has a market capitalisation of Rs 8,896 crore. The stock has given maximum 337% return in last 5-years and 179% in last 3-years. In last 1-year, the return is 35%.