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Started the business by acquiring a sick unit in Gurgaon in 1980, Dhanuka Agritech has now listed in “200 Best under A Billion Companies in the Asia Pacific” by Forbes Magazine. The company has a Pan-India presence through its marketing offices located across India in all major states. It has reached out to approximately 10 million Indian farmers with its products and services. Dhanuka Agritech Limited has more than 150 registrations including Herbicides, Insecticides, Fungicides, and Plant Growth Regulators /Bio- Stimulants and with over 350 active SKUs. All these are solutions for all major crops grown in the country including cotton, paddy, wheat, sugarcane, pulses, fruits & vegetables, plantation crops, and others. The manufacturing facilities of the company are located in Rajasthan, Gujarat, and J&K with its R&D center located in Gurgaon, Haryana.
Sept 16, 2020: Dhanuka Agritech Ltd (BSE: 507717 | NSE: DHANUKA) board has approved a proposal for the repurchase of up to 10.00 Lakh (Ten Lakh) shares at ₹1,000 (One Thousand) per share, aggregating ₹100 Cr (One Hundred Crore) (Buyback Offer Size).
Below is the complete details about Dhanuka Agritech Ltd Buyback. Record date, buyback open and close dates are announce in below section.
| Buyback Type: | Tender Offer |
| Buyback Offer Amount: | Rs 100 Cr |
| Buyback Number of Shares: | 10 Lakh |
| Buyback Price: | Rs 1,000 |
| Buyback Offer Size (In %): | 14.27% |
| Total Share Capital: | Rs 3,893.81 Cr |
| Face Value: | 2 Per Equity Share |
Can I Invest today to participate in Dhanuka Agritech Ltd buyback offer? No
In this section we have covered all important dates related to Dhanuka Agritech 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 | 16th Sep 2020 |
| Buyback Approval date | 16th Sep 2020 |
| Public Announcement of Buyback | 18th Sep 2020 |
| Record Date | 28th Sep 2020 |
| Buyback opens on/Buyback Opening Date | 20th Oct 2020 |
| Buyback closes on/Buyback Closing Date | 2nd Nov 2020 |
| Cut-off date to receive completed tender forms by Registrar | 4th Nov 2020 |
| Cut-off date for verification by the Registrar | 5th Nov 2020 |
| Cut-off date to inform Stock Exchange on acceptance or non-acceptance
of tendered Equity Shares by Registrar |
9th Nov 2020 |
| Last date of settlement of bids on the stock exchange | 10th Nov 2020 |
| Last date to return unaccepted shares by Registrar | 10th Nov 2020 |
| Last date of extinguishment of Equity Shares | 16th Nov 2020 |
Stock Holding table gives a clear picture on retail investor holdings of Dhanuka Agritech 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 | 75% |
| Non-Promoter-Institutions | 16.44% |
| Non-Promoter-Non-Institutions | 8.56% |
Dhanuka Agritech Ltd Public Announcement >>Document
Dhanuka Agritech Ltd Draft Letter of Offer >>Document
Dhanuka Agritech Ltd Letter of Offer >>Document
Dhanuka Agritech Ltd Post Buyback Public Announcement >>Document
| Category | Entitlement Ratio of Buyback Per Equity Shares | Entitlement Ratio of Buyback in % |
|---|---|---|
| Reserved Category | 3 Equity Share out of every 55 fully paid-up Equity Share held on the Record Date. | 5.44% |
| General Category | 4 Equity Share out of every 211 fully paid-up Equity Share held on the Record Date. | 1.90% |
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
Dhanuka Agritech 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 Dhanuka Agritech Ltd? How can I apply in Dhanuka Agritech Ltd Buyback offer?Last Updated on 2020-11-26T01:35:15+00:00
