Kaveri Seed Buyback 2021 was announced on 25 August 2021. The Kaveri Seed buyback is to start from 2 September 2021 to 1 March 2022. The Company will do Buyback with equity of 14,11,780 Equity Shares around 9.70% of Face Value Rs. ₹2/ Each Fully paid off at a Price Of Rs. ₹850/- Per Equity. The size of this Buyback is about ₹120 Crores. And this will be done through a Buyback Open Market.
Kaveri seeds today is India’s largest agriculture company specializing in Hybrid Seeds in Key Indian crops. Our pursuit of excellence backed by strong Research & Development (recognized by DSIR since 2001) has resulted in high–yield seeds that have made the company the trusted partner for farmers for the last three decades. We have steadily transformed our products & processes to deliver the best of science while enhancing farm productivity and ensuring food and nutritional security for millions of people.
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The company With more than 1,00,000 production growers on 65,000 acres of land across 12 different agro-climatic zones, our diverse portfolio of seeds caters to key crop segments to enable crops for diverse agro – climate and soil conditions. By unlocking the latent power of seeds through our ideas, innovation, and initiatives, we are driving unbounded growth for Kaveri as well as creating value for our stakeholders and the nation.
Kaveri Seed buyback 2021 Offer Details:
| Event Name | Details |
| Buyback Type | Open Market |
| Buyback Record Date | Open Market |
| Buyback Offer Amount | ₹120 Cr |
| Date of Board Meeting approving the proposal | 25 August 2021 |
| Date of Public Announcement | 27 August 2021 |
| Buyback Offer Size | 9.70% |
| Buyback Number of Shares | 14,11,780 |
| Price Type | Open market |
| Face Value | ₹2/- Rs. |
| Buyback Price | ₹850/- per share. |
Kaveri Seed Buyback 2021 Important Dates
We have covered all important dates related to “Kaveri Seed Buyback 2021” Buyback Activity Dates are updated as they are announced.
| Buyback Activity | Dates |
| Board Meeting for Buyback proposal | 25 August 2021 |
| Buyback Approval date | 25 August 2021 |
| Public Announcement Date | 27 August 2021 |
| Buyback Record Date | Open Market |
| Buyback Opening Date | 2 September 2021 |
| Buyback Closing Date | 1 March 2022 |
Details Of The Buyback Offer and Offer Price :
The Board of Directors of the Company (the “Board” which expression shall be deemed to include by the Board and/or officials, which the Board may constitute/authorize to exercise its powers, including the powers conferred by the Board resolution), the Board at its meeting held on August 25, 2021 (“Board Meeting”), approved the buyback of fully paid-up equity shares of the face value of `2 (Indian Rupees Two Only) (“Equity Shares”) of the Company, each from its shareholders / beneficial owners (other than those who are promoters, promoter group or persons in control), from the open market through stock exchange mechanism i.e.
using the electronic trading facilities of the stock exchanges where the Equity Shares of the Company are for an aggregate amount not exceeding 120,00,13,000/- (Indian Rupees One Hundred Twenty Crore and Thirteen Thousand Only) (“Maximum Buyback Size”), and at a price not exceeding 850/- (Indian Rupees Eight Hundred and Fifty Only) per Equity Share (“Maximum Buyback Price”), payable in cash (the process is referred hereinafter as “Buyback”).
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The Maximum Buyback Size and Maximum Buyback Price do not include any expenses incurred or to be incurred for the Buyback viz. brokerage, costs, fees, turnover charges, taxes such as buyback tax, securities transaction tax, goods, and services tax (if any) and income tax, stamp duty, advisors fees, printing expenses, filing fees and other incidental and related expenses and charges (collectively referred to as “Transaction Costs”).
The Maximum Buyback Size represents 9.70% and 9.56% of the aggregate of the total paid-up capital and free reserves of the Company based on the standalone and consolidated audited financial statements of the Company as of March 31, 2021, respectively (being the latest audited financial statements of the Company, available at the Board Meeting) which is less than 10% of the total paid-up capital and free reserves of the Company in accordance with the proviso to the Regulation 5(i)(b) of the Buy-Back Regulations. 1.2 At the Maximum Buyback Size and the Maximum Buyback Price.
At the Maximum Buyback Size and the Maximum Buyback Price, the indicative maximum number of Equity Shares bought back would be 14,11,780 (Fourteen Lakhs Eleven Thousand Seven Hundred and Eighty Only) Equity Shares (“Maximum Buyback Shares”), which will not exceed 25% of the total number of Equity Shares in the total paid-up equity capital of the Company. The Company will comply with the requirement of maintaining a minimum public shareholding of at least 25% of the total paid-up equity share capital of the Company as provided under Regulation 38 of the Listing Regulations, during the Buyback period and upon completion thereof
Buyback Public Announcement Link :
Buyback Public Announcement Link
Registrar of The Buyback :
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building, Opp Vasant Oasis,
Makwana Road, Marol, Andheri (E), Mumbai – 400059
Tel: +91-22- 6263 8200 Fax: +91-22- 6263 8280
Email: [email protected]
Website: www.bigshareonline.com
Manager of The Buyback :
Bajaj Capital Limited
Mezzanine Floor, Bajaj House, 97,
Nehru Place, New Delhi -110019, India
Tel No: 011-41693000; 011-67000000
Contact Person: P. Balraj
Email: [email protected]
Website: www.bajajcapital.com
Company Address :
Kaveri Seed Limited
513-B, 5th Floor, Minerva Complex,
SD Road, Secunderabad – 500003,
Telangana
Tel: +91- 40-27842398
Fax: +91- 40-27811237
Email: [email protected] & [email protected]
Website: www.kaveriseeds.in
How to Participate in Kaveri Seed Ltd buyback?
The Investors are eligible for the buyback scheme who have Kaveri Seed shares in their Demat account as the Record date is Not Declare as the offer is Open Market. Investors can participate in the Kaveri Seed 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 Kaveri Seed buyback scheme.
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Kaveri Seed Buyback 2021 FAQs:
When is Kaveri Seed Buyback Announcement Date?
Kaveri Seed’s buyback 2021 announcement date is 25 August 2021.
When is Kaveri Seed Buyback Open Date?
Kaveri Seed buyback Open date is 2 September 2021.
When is Kaveri Seed Buyback Close Date?
Kaveri Seed buyback Close date is 1 March 2022.
When is Kaveri Seed Buyback Record Date?
Kaveri Seed buyback 2021 Record date is Not Declare as the offer is Open market.
What is Kaveri Seed Buyback Price?
Kaveri Seed company has fixed the price at ₹850 per share.
What is the Kaveri Seed Buyback Offer Size?
Kaveri Seed company Buyback Offer Size is ₹120 Cr.
How to apply for Kaveri Seed Buyback 2021?
As per the record date you need to have Kaveri Seed shares in your Demat account. You can participate in buyback after having the stock in your account.
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