Kaveri Seed Buyback 2022 announced on 27 October 2022. The Kaveri Seed buyback to start from 07 November 2022 and closes on 06 May 2022. The Company will do Buyback with equity of 17,95,000 Equity Shares around 3.08% of Face Value ₹2/ Each Fully paid off at a Price Of ₹700/- Per Equity. The size of this Buyback is about ₹125.65 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. The company has 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.
The Company’s premier hybrids in BT cotton, maize, pearl millet, sunflower, sorghum, while in rice and vegetables both hybrids and varieties are in the forefront of seed market and in the farmers’ fields. The Company has developed a committed grower network across 12 different agro-climatic zones of India.
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The company 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.
Necessity of the Issue :
- The Buy-back is being undertaken by the Company to return surplus funds to the equity shareholders of the Company.
- The Company believes that the Buy-back will improve return on equity, by reducing in equity base, thereby leading to a long-term increase in the value of shareholders.
Kaveri Seed Buyback 2022 Offer Details:
| Event Name | Details |
| Buyback Type | Open Market |
| Buyback Record Date | O/M |
| Buyback Offer Amount | ₹125.65 Cr |
| Date of Board Meeting approving the proposal | 27 October 2022 |
| Date of Public Announcement | 27 October 2022 |
| Buyback Offer Size | 3.08% |
| Buyback Number of Shares | 17,95,000 |
| Listing | NSE, BSE |
| Face Value | ₹2/- Rs. |
| Buyback Price | ₹700/- per share. |
Kaveri Seed Buyback 2022 Dates :
We have covered all important dates related to “Kaveri Seed Buyback 2022” Buyback Activity Dates are updated as they are announced.
| Buyback Activity | Dates |
| Board Meeting for Buyback proposal | 27 October 2022 |
| Buyback Approval date | 27 October 2022 |
| Public Announcement Date | 27 October 2022 |
| Buyback Record Date | Open Market |
| Buyback Opening Date | 07 November 2022 |
| Buyback Closing Date | 06 May 2023 |
Kaveri Seed Limited Financial Report (in Cr) :
| Year | Revenue | Expense | PAT |
| 2022 | ₹941.00 | ₹718.00 | ₹209.00 |
| 2021 | ₹984.00 | ₹697.00 | ₹305.00 |
| 2020 | ₹882.00 | ₹642.00 | ₹251.00 |
Quick Link :
■ Publication Letter
■ Letter of Offer
■ Application Form
Registrar of The Buyback :
Bigshare Services Private Limited
Office No S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road,
Andheri (East) Mumbai – 400093, India
Tel: +91 22 6263 8200; Facsimile: +91 22 6263 8299
Email: [email protected]
Investor grievance 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 Company Ltd
513 B, 5th Floor, Minerva Complex,
S.D.Road, Secunderabad -500003
Phone: 040 – 27721457
Email: [email protected]
Website: https://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 2022 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.
How to apply for Kaveri Seed buyback zerodha?
You can apply for the buyback, follow the steps below:
- Visit console.zerodha.com.
- Click on the context menu and then Portfolio.
- Click on Corporate actions.
- Click the Buybacks tab, tap on Kaveri Seed and then Place order.
- Enter the quantity and tap on Submit.
How to apply for Kaveri Seed buyback on Groww?
You can apply for the buyback, follow the few steps below: This feature not applicable on Groww App only available on Groww Website.
- Visit the official Groww website.
- Search Kaveri Seed Buyback in the search option.
- You can see Kaveri Seed buyback result in search option tap on the Kaveri Seed buyback.
- You will reach the Kaveri Seed buyback screen, here enter the number of shares and click sell.
- You can see your order is successfully placed.
How to apply for Kaveri Seed buyback on upstox?
You can apply for the buyback, follow the few steps below:
- Login to the Upstox app using your 6-digit PIN or biometrics.
- Click on the Account Section on your right bottom corner (Applicable New upstox app).
- Click ‘Account’, then ‘Corporate actions’ and then Buyback / Delisting/ Takeover.
- Select the Kaveri Seed stock for buyback.
- Enter the quantity and click on apply.
- If you have submitted your POA, then the buyback will be confirmed.
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Kaveri Seed Buyback 2022 FAQs:
When is Kaveri Seed Buyback Announcement Date?
Kaveri Seed buyback 2022 announcement date is 27 october 2022.
When is Kaveri Seed Buyback Open Date?
Kaveri Seed buyback Open date is 07 November 2022.
When is Kaveri Seed Buyback Close Date?
Kaveri Seed buyback Close date is 06 May 2022.
When is Kaveri Seed Buyback Record Date?
Kaveri Seed buyback 2022 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 ₹700 per share.
What is Kaveri Seed Buyback Offer Size?
Kaveri Seed company Buyback Offer Size is ₹125.65 Cr.
How to apply for Kaveri Seed Buyback 2022?
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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