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Kaveri Seed Company seeks nod to raise FII limit to 49%

08 May 2015 Evaluate

Kaveri Seed Company is seeking the approval of its shareholders to raise the limit of investment by foreign institutional investors (FII) in the company to 49 per cent from 24 per cent now. FIIs, as of March end, held 22.26 per cent stake in the company.

The company has vast experience in seed production of major agricultural crops backed by a very strong in-house R&D programme for crops maize, cotton, sun flower, bajra, sorghum, rice and several vegetable crops.

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