Kaveri Seed Company Buyback of ₹325 crores approved by the board of directors at the meeting was held on January 5, 2024. Kaveri Seed Company Buyback will be done via the Tender Offer route through the stock exchange mechanism. The board of directors of the company approved the buyback by the Company of its fully paid-up equity shares having a face value of ₹2 each equity share at a price of ₹725 per Equity Share and for an aggregate amount not exceeding ₹325 crores from the shareholders. Check out Kaveri Seed Company Buyback 2024 details below:
The Company is mainly into the business of production, processing, and marketing of high-quality hybrid seeds for different crops like corn, sunflower, cotton, paddy, grain sorghum, etc., and has recently forayed into micronutrients and bio-products. The company produces non-hybrid seeds, primarily for paddy. The Company is a leading provider of crop solutions to the farmer by supplying high-yielding hybrid seeds and crop management namely micronutrients, bio-products, etc. The Company is engaged in research and development in the areas of superior breeding programs and biotechnology tools that will enable them to develop highly effective and differentiated hybrid seeds, micronutrients, and bio-products.
Kaveri Seed Company Buyback History
Kaveri Seed Company Buyback 2024 Dates
| Buyback Meeting Date: | January 5, 2024 |
| Buyback Announcement Date: | January 5, 2024 |
| Buyback Record Date: | February 23, 2024 |
| Last Date to Buy Shares: | February 22, 2024 |
| Buyback Open Date: | February 29, 2024 |
| Buyback Close Date: | March 6, 2024 |
| Finalization of Buyback Acceptance: | March 13, 2024 |
Kaveri Seed Company Buyback 2024 Offer Details
Kaveri Seed Company buyback of 4,482,758 equity shares at a price of ₹725 per equity share. The buyback offers not to exceed ₹325 crores of the total buyback offer size.
| Offer Amount: | ₹325 Crores |
| Number of Shares: | 4,482,758 Equity Shares |
| Face Value: | ₹2 per equity share |
| Buyback Price: | ₹725 per equity share |
| Listing: | BSE, NSE |
| Buyback Type: | Tender Offer |
| Letter of Offer: | Click Here |
Kaveri Seed Company Buyback 2024 Acceptance Ratio
The investor should buy around [.] shares at a current market price of ₹[.] (as of date). The calculation will be ₹2,00,000 / ₹[.] buyback price = [.] shares.
| Acceptance Ratio | Investment | Shares Buyback | Profit |
| 33% | ₹1,81,500 | 90 | ₹5,850 |
| 50% | ₹1,81,500 | 137 | ₹8,905 |
| 75% | ₹1,81,500 | 206 | ₹13,390 |
| 100% | ₹1,81,500 | 275 | ₹17,875 |
Kaveri Seed Company Financial Report
| ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹1,033 | ₹735 | ₹311 |
| 2022 | ₹968 | ₹765 | ₹213 |
| 2023 | ₹1,068 | ₹816 | ₹273 |
How to Participate in Kaveri Seed Company Buyback 2024
The investors are eligible for the buyback scheme who have Kaveri Seed Company shares in their Demat Account as the Record Date. Eligible Share Holders can participate in the Kaveri Seed Company Buyback 2024 scheme as per the opening form by selling their shares. The payment will be given as per the Kaveri Seed Companyepted shares by the company under the Kaveri Seed Company buyback scheme.
Kaveri Seed Company Buyback 2024 Registrar
Bigshare Services Pvt Ltd
1st Floor, Bharat Tin Works Building,
Opp. Vasant Oasis,Makwana Road,
Marol, Andheri(E), Mumbai – 400 059
Phone: +91-22-6263 8200
Email: [email protected]
Website: https://ipo.bigshareonline.com/ipo_status.html
Kaveri Seed Company Buyback 2024 Lead Managers
- Bajaj Capital Limited
Kaveri Seed Company Company Address
Kaveri Seed Company Limited
# 513-8, 5th Floor,
Minerva Complex, S.D. Road
Secunderabad – 500 003Phone: +91-40-2784 239
Email: [email protected]
Website: https://www.kaveriseeds.in/
How to Apply the Kaveri Seed Company Buyback through Zerodha?
Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on Corporate Actions. You will see the Company Name “Kaveri Seed Company”. Click on Place Order. Enter your Quantity and submit Kaveri Seed Company Buyback Application Form.
How to Apply the Kaveri Seed Company Buyback through Upstox?
Log in to Upstox Application with your credentials. Select the Kaveri Seed Companyount Section. You will see the Company Name “Kaveri Seed Company”. Click on Kaveri Seed Company Stock for Buyback. Enter your Quantity and submit Kaveri Seed Company Buyback Application Form.
How to Apply the Kaveri Seed Company Buyback through Paytm Money?
Log in to Paytm Money Application with your credentials. Select the Kaveri Seed Company. Enter your Quantity and submit Kaveri Seed Company Buyback Application Form.
