Insecticides India Buyback 2021 announced on 30 March 2021. The Insecticides India buyback to start from 12 April 2021 to 11 October 2021. The Company will do Buyback with equity of 10,43,478 Equity Shares around 8.20% of Face Value Rs. 10/ Each Fully paid off at a Price Of Rs. 575/- Per Equity. The size of this Buyback is about 60 Crores. And this will be done through a Buyback Open Market.
Let us know that Insecticides (India) Ltd. is committed to fortifying Agriculture with a highly productive and progressive vision and mission to make Farmers prosperous. Having made a modest foray into the agriculture space in 2001, today Insecticides (India) is one of the premier names in the Crop Protection Industry. Today with more than 100 formulation products and 15 technical products, Insecticides (India) manufactures all types of insecticides, weedicides, fungicides, and PGRs for all types of crops and households.
We started our journey in 2001 and since then our mantra of better earth with sustainable resources and healthy ecosystems’ is incorporated in our products using modern Science and Technology. The healthy and clean food on our shelves that we have is certainly cleared up of tough work, sweat, love, and science. With more than 120 formulations and 15 technical assets in crop protection solutions and products, IIL is the mark that every Indian farmer relies on to produce healthy crops.
It wasn’t easy for Mr. Rajesh Agarwal to start IIL from nowhere, but his passion and sedulous character has today made IIL one of the leading company in the domestic agrochemical market. Our collaborations & tie-ups with reputed international companies like:
- Nissan Chemical Corporation, Japan – Marketing Tie up for three specialty products Fungicide PULSOR, Selective Herbicide HAKAMA, and Insecticide AIKIDO
- OAT Agrio, Japan for setting up product invention R&D Centre in JV–Insecticides (India) signed a JV with OAT Agrio Co., Ltd of Japan for setting up an R&D Centre in India with an objective of inventing new agrochemical molecules for the International market.
- Momentive, USA – Tie-up with MOMENTIVE Performance Material INC, USA for AGRO SPRED* MAX for silicone-based super spreader
- Nihon Nohyaku, Japan – Tie up for SUZUKA (Flubendiamide), HAKKO (Buprofezin) and AIKIDO.
Insecticides India buyback 2021 Offer Details:
| Event Name | Details |
| Buyback Type | Open Market |
| Buyback Record Date | Not Declare |
| Buyback Offer Amount | 60 Cr |
| Date of Board Meeting approving the proposal | 30 Mar 2021 |
| Date of Public Announcement | 30 Mar 2021 |
| Buyback Offer Size | 8.20% |
| Buyback Number of Shares | 10,43,478 |
| Price Type | Open Market |
| Face Value | Rs. 10/- |
| Buyback Price | 575/- Rs. |
Insecticides India Buyback 2021 Important Dates
We have covered all important dates related to “Insecticides India Buyback 2021” Buyback Activity Dates are updated as they are announced.
| Buyback Activity | Dates |
| Board Meeting for Buyback proposal | 2 Mar 2021 |
| Buyback Approval date | 30 Mar 2021 |
| Public Announcement Date | 30 Mar 2021 |
| Buyback Record Date | Not Declare |
| Buyback Opening Date | 12 Apr 2021 |
| Buyback Closing Date | 11 Oct 2021 |
Details Of The Buyback Offer and Offer Price :
The Board of Directors of the Company are hereinafter referred to as the “Board” or the “Board of Directors” which expression shall be deemed to include any committee constituted by the Board and/or officials, which the Board may constitute/authorize to exercise its powers, including the powers conferred by the Board resolution) at its meeting held on March 30, 2021 (“Board Meeting”), approved the buyback of fully paid-up equity shares of the face value of 10/- (Rupees Ten only) each (“Equity Shares”) of the Company from its shareholders / beneficial owners excluding promoters, promoter group, and persons.
who are in control of the Company, via the ‘open market’ route through the stock exchange mechanism i.e. using the electronic trading facilities of the stock exchanges where the Equity Shares of the Company are listed i.e. National Stock Exchange of India Limited (“NSE”) and BSE Limited (“BSE”) (collectively referred as the “Stock Exchanges”), for an aggregate amount not exceeding 60 Crore (Rupees Sixty Crore only) (“Maximum Buyback Size”), and at a price not exceeding 575/- (Rupees Five Hundred and Seventy-Five only) per Equity Share (“Maximum Buyback Price”), payable in cash (the process is referred hereinafter as “Buyback”).
The Maximum Buyback Size and Maximum Buyback Price do not include any expenses incurred or to be incurred for the Buyback like filing fees payable to SEBI, advisors’ fees, stock exchange fees, brokerage, costs, fees, turnover charges, applicable taxes including inter alia buyback tax, securities transaction tax, goods and services tax (if any), stamp duty, etc., public announcement publication expenses and other incidental and related expenses and charges (collectively referred to as “Transaction Costs”).
The Maximum Buyback Size represents 8.22% and 8.20% of the aggregate of the total paid-up Equity Share capital and free reserves (which includes the securities premium account) of the Company based on the audited standalone and audited consolidated financial statements of the Company as of March 31, 2020, At the Maximum Buyback Price and for the Maximum Buyback Size, the indicative maximum number of Equity Shares bought back would be 10,43,478 (”Maximum Buyback Shares”).
The Maximum Buyback Price of 575/- (Rupees Five Hundred and Seventy-Five only) per Equity Share has been arrived at after considering various factors, including trends in the market price of the Equity Shares on the Stock Exchanges, the net worth of the Company and the potential impact of the Buyback on the earnings per share and other similar ratios of the Company.
Buyback Public Announcement Link :
Registrar of The Buyback :
Alankit Limited
Address : Alankit House, 4E/2 Jhandewalan Extension,
New Delhi – 110055
Tel : +91-11-4254 1234; +91-11-4254 1957
Fax : + 91-11-4254 1201, +91-11-2355 2001
Email ID : [email protected]
Website : https://www.alankit.com/
Manager of The Buyback :
JM Financial Limited
Address: 7 th Floor, Cnergy, Appasaheb Marathe Marg,
Prabhadevi, Mumbai –400 025, Maharashtra, India
Tel : +91 22 6630 3030
Fax: +91 22 6630 3330
Email: [email protected]@jmfl.com
Website: www.jmfl.com
Company Address :
Insecticides (India) Ltd
Address: 401-402, LUSA TOWER
Azadpur Commercial Complex, Delhi-110033.
Tele/Fax: 011-27679700-05
E-mail: [email protected]
Website: www.insecticidesindia.com
How to Participate in Insecticides (India) Ltd buyback?
The Investors are eligible for the buyback scheme who have Insecticides (India) shares in their Demat account as the Record date (Not Declare). Investors can participate in the Insecticides India Buyback 2021 scheme as per the opening form by selling their shares. The payment will be given as per the accepted shares by the company under the Insecticides India buyback scheme.
Insecticides India Buyback 2021 FAQs:
When is Insecticides India Buyback Announcement Date?
Insecticides India buyback 2021 announcement date is 30 Mar 2021.
When is Insecticides India Buyback Open Date?
Insecticides India buyback Open date is 12 Apr 2021.
When is Insecticides India Buyback Close Date?
Insecticides India buyback Close date is 11 Oct 2021.
When is Insecticides India Buyback Record Date?
Insecticides India buyback 2021 Record date is Not Declare.
What is Insecticides India Buyback Price?
Insecticides India company has fixed the price at ₹545 per share.
What is Insecticides India Buyback Offer Size?
Insecticides India company Buyback Offer Size is ₹60 Cr.
How to apply for Insecticides India Buyback 2021?
As per the record date you need to have Insecticides India shares in your Demat account. You can participate in buyback after having the stock in your account.
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