Kaveri Seed Company has decided to buy back 2.96 million shares from the existing shareholders of the company. The shares would be bought back from the existing shareholders on a proportionate basis through the Tender Offer route at a price of Rs 675 per share, aggregating to about Rs 200 crore.
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.
