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May 24,2018 - Kaveri Seed Company Ltd Board has approved a proposal for buyback of up to 29.63 lakh equity shares at Rs 675 per share, aggregating Rs 200 Cr which is approx 4.48% of the total paid up equity share capital of the company.
Below is the complete details about Kaveri Seed Company Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 200 Cr |
| Buyback Number of Shares: | 23.69 lakh |
| Buyback Price: | Rs 675 |
| Buyback Offer Size (In %): | 4.48% |
| Total Share Capital: | Rs 3,353.18 Cr |
| Face Value: | 2 Per Equity Share |
Can I Invest today to participate in Kaveri Seed Company Ltd buyback offer? No
In this section we have covered all important dates related to Kaveri Seed Company Ltd Buyback. Dates are updated as they are announced. The most noted dates are record date and buyback open and close dates, which one should use to participate in buyback.
| Buyback Activity | Date |
|---|---|
| Board Meeting for Buyback proposal | 24th May 2018 |
| Buyback Approval date | 24th May 2018 |
| Public Announcement of Buyback | 24th May 2018 |
| Record Date | 3rd Aug 2018 |
| Buyback opens on/Buyback Opening Date | 27th Aug 2018 |
| Buyback closes on/Buyback Closing Date | 7th Sep 2018 |
| Cut-off date to receive completed tender forms by Registrar | 11th Sep 2018 |
| Cut-off date for verification by the Registrar | 12th Sep 2018 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
12th Sep 2018 |
| Last date of settlement of bids on the stock exchange | 12th Sep 2018 |
| Last date to return unaccepted shares by Registrar | 14th Sep 2018 |
| Last date of extinguishment of Equity Shares | 17th Sep 2018 |
Stock Holding table gives a clear picture on retail investor holdings of Kaveri Seed Company Ltd shares which helps investor to decide on participating in buyback offer. The less number of retail holdings means higher chance of acceptance in buyback under retail category which is equal to higher profit.
| Holding Type | In % |
|---|---|
| Promoter-Foreign | 0.0% |
| Promoter-Indian | 54.79% |
| Non-Promoter-Institutions | 28.11% |
| Non-Promoter-Non-Institutions | 17.10% |
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 83 Equity Share out of every 435 fully paid-up Equity Share held on the Record Date. | 19.08 |
| General Category | 21 Equity Share out of every 532 fully paid-up Equity Share held on the Record Date. | 3.94% |
For Kaveri Seed Company Ltd Buyback Offer, Report updated by the manager of buyback -
In general category - response received 422.83%, No. of Equity Shares reserved in Buyback was 2518550 where valid bid received for retail category was 10649228 which is 422.83% oversubscribed.
In Reserved category for Small Shareholders (Retail) - response received only 159.92%, No. of Equity Shares reserved in Buyback was 444450 where valid bid received for retail category was 710766 which is 159.92%. Final Acceptance Ratio for Retail Investors was 62%.
The table below will give you a complete dashboard view for all open buyback offer in current market.
| Company Name | Buyback Type | Offer Amount | Buyback Price | CMP | Record Date | Buyback Open Date | Buyback End Date |
|---|---|---|---|---|---|---|---|
| Tanla Platforms Ltd | Tender Offer | Rs 170 Cr | 1200 | 966.40 (-1.91%) | 25-10-2022 | TBD | TBD | Garware Technical Fibres Ltd | Tender Offer | Rs 90 Cr | 3750 | 4-11-2022 | TBD | TBD | Orbit Exports Limited | Tender Offer | Rs 10 Cr | 245 | 180.00 (6.48%) | 18-11-2022 | TBD | TBD | KRBL Limited | Tender Offer | ₹325.00Cr | 500 | 299.20 (1.00%) | 25-08-2023 | TBD | TBD | Tips Industries Limited | Tender Offer | ₹37.19Cr | 625 | 460.95 (-0.25%) | 22-04-2024 | 26-04-2024 | 03-05-2024 |
Detail Article on Benefit from buyback offer >> Read
Kaveri Seed Company Ltd Buyback Important dates - Record Date,Buyback Start and End date. Buyback Details - Buyback Price, Buyback Offer Size, Buyback Number of Shares, Retail Investors limit. What is the record date for Kaveri Seed Company Ltd? How can I apply in Kaveri Seed Company Ltd Buyback offer?Last Updated on 2018-10-25T05:10:33+00:00
