ICICI Prudential Mutual Fund, along with Eastspring Investments (Singapore), has acquired 8.29 lakh shares or 1.2% stake in Kaveri Seed Company through secondary market purchases on December 31.
Post-acquisition, ICICI Prudential Mutual Fund, under various schemes, holds 35.7 lakh shares or 5.2 per cent stake in the company. The objective of the purchase is from an investment perspective and not with the objective of seeking any controlling interest.
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.
Company Name | CMP |
---|---|
Venkys India | 1788.55 |
Kaveri Seed | 875.25 |
Harrisons Malayalam | 188.30 |
Simran Farms | 135.40 |
Apis India | 199.40 |
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