|Buyback Dates||31/12/2019 - 13/01/2020|
|Buyback Offer||Rs.196.00 crores|
|Buyback Offer Size||4.44%|
|Number of Shares||28,00,000|
|Buyback Type||Tender Offer|
The Kaveri saga began in 1976 with the founder G.V.Bhaskar Rao a science graduate with his wife G Vanaja Devi as co-founder establishing a small seed production facility in Gatla Narsingapur village of Andhra Pradesh. In continuance of this entrepreneurial voyage, the idea sprouted as Kaveri Seeds and the company was formally incorporated in the year 1986.
Currently, Kaveri is one of the fastest-growing seed company in India with a large network of over 15,000 distributors and dealers spread across the country. With over 700 employees and a strong product line of hybrids. The company is poised to go greater heights with its renewed focus on R&D and strong intent to invest in innovation by the management to deliver all brand promises. With one of the largest anthology of crop germplasm in the country, Kaveri’s draught and disease resistant as well as high yielding hybrid and varietal portfolio include Cotton, Corn, Rice, Jowar, Bajra, as well as vegetables such as Tomato, Okra, and gourds.
KAVERI SEED COMPANY LTD.board of directors of the company at its meeting held today i.e. 24.09.2019 considered and approved the proposal for buyback of fully paid-up Equity Shares of the face value of Rs.2/- not exceeding 28,00,000 Equity Shares (representing 4.44% of the total number of equity shares in the paid-up equity share capital of the Company) for an aggregate amount of Rs.196 Cr Only, of the total paid-up equity share capital and free reserves of the company as on March 31, 2019 (on a stand-alone and consolidated basis) at a price of Rs.700 on Tender Basis.
The Record Date for Kaveri Seed Company Limited Buyback is 22/11/2019.
The Kaveri Seed Company Limited Buyback will open on 31/12/2019 and closes on 13/01/2020.
The Buyback price of Kaveri Seed Company Limited is Rs.700.
The Buyback Type of Kaveri Seed Company Limited is Tender Offer.