Techno Electric & Engineering announced that the Board of the company at its meeting held on 13 December 2018 has approved buyback of upto 26,82,400 equity shares at a price of Rs 410 per equity share, aggregating to an amount of Rs 109.97.

The maximum shares proposed to be bought back represent 2.38% of the total paid up equity shares of the Company and the aggregate consideration for proposed buyback represent 9.10% of theaggregate of the paid up equity share capital and free reserves as per the audited financial statements of the Company for the financial year ended 31 March, 2018.