Riddhi Siddhi Gluco Biols is planning to buy back equity share. In this regard, the board of directors of the company has recommended buyback to 2.37 million equity shares at a maximum price of Rs 450 per equity share for a total consideration not exceeding Rs 107 crore.
The company stands as the largest manufacturing plant producing the starch of various types, liquid glucose, dextrose Monohydrate, Maltodextrin, Dextrose syrup, High Maltose Corn Syrup and the by products like Corn Gluten meal and Enriched fiber which are used in various applications catering to different industries of Food, Textile, paper, Pharmaceuticals, Confectionaries and many more.
