Dhanuka Agritech has filed a draft offer of letter with the Securities and Exchange Board of India (SEBI) for the buyback of 9.4 lakh shares worth Rs 80 crore. The buyback size represents about 1.88 per cent of the total issues and paid-up equity capital of the company as on March 31, 2016. The company decided to buyback equity shares at a price of Rs 850 each. The buyback is proposed to be made from all the existing shareholders of the company on a proportionate basis under the tender offer route.
Dhanuka Agritech manufactures a wide range of agro-chemicals like herbicides, insecticides, fungicides, miticides, plant growth regulators in various forms - liquid, dust, powder and granules.