Kaveri Seed Company has received its board’s approval to buyback equity shares worth Rs 200 crore through a tender offer. The company will buy back 2.96 million equity shares (representing 4.29% of the total paid-up equity share capital) from shareholders on a proportionate basis. The buyback would be through a tender offer at a price of Rs 675 per share payable in cash.
Kaveri Seed Company, one of the leading seed companies of the country, is engaged in production, processing and marketing of seeds to farmers. It provides seeds for different crops like corn, sunflower, cotton, paddy, and grain sorghum. It products also includes micro-nutrients and bio products.
