|Buyback Dates||08 Apr 2021 - 26 Apr 2021|
|Record Date||22 Feb 2021|
|Approval Date||10 Feb 2021|
|Public Announcement||10 Feb 2021|
|Buyback Offer||Rs.48.0 crores|
|Buyback Offer Size||1.07%|
|Number of Shares||1500000|
|Buyback Type||Tender Offer|
Born of Entrepreneurial spirit in 1985, Suprajit today has carved a niche for itself as a pioneer in the design and manufacture of Mechanical Control Cables and is recognized as India’s largest cable maker and worlds largest in the two-wheeler cable market. As a part of its Strategic expansion into Non-Automotive-Cables and Controls market Suprajit acquired Wescon Controls Inc USA in 2015 and had also diversified into Automotive Lighting business through acquisition of Phoenix Lamps Limited in 2014.
Head Quartered in Bangalore- India Suprajit has transitioned from a single product, single customer, single segment, single brand, single location company to a multi-product, multi-business, multi-customer, multi-brand, multi-location global company making it truly diversified without sacrificing its tenets on Quality, Cost, Delivery and Development. It is driven by its single-minded goal of “Customer Satisfaction” and in this pursuit of excellence it continues be recognised as “Value for Money Supplier” to customers across the spectrum.
The Suprajit Group is a global leader in the automotive cable and halogen bulb industry. With a competitive manufacturing base in India, UK, US and Mexico, along with our technical and logistical supports worldwide, the group provides the optimal product development and manufacturing solutions to its domestic and international customers. The Group comprises of Suprajit Engineering Limited (which includes Phoenix Lamps), Suprajit Automotive Limited, Suprajit Europe Limited, Wescon Controls LLC, and Suprajit Inc USA.
With a compounded annual growth of over 25+%, the group has one of the largest manufacturing capacities in world with 300+ million cables per year and 80+ million bulbs per year.
The Record Date for Suprajit Engineering Limited Buyback is 22 Feb 2021.
The Suprajit Engineering Limited Buyback will open on 08 Apr 2021 and closes on 26 Apr 2021.
The Buyback price of Suprajit Engineering Limited is Rs.320.
The Buyback Type of Suprajit Engineering Limited is Tender Offer.