Kaveri Seed Buyback Detail
Buyback Record Date
Buyback Open Date Sep 2, 2021
Buyback Closing Date Mar 1, 2022
Issue Size (Amount) ₹120.00 Crores
Buyback Price ₹850 per Share

Kaveri Seed Buyback Date & Price FAQs

The Kaveri Seed Buyback price is set at Rs 850 Per Share. The Kaveri Seed Buyback opens on Sep 2, 2021 and closes on Mar 1, 2022.

There is no concept of Tender form in case of an open market offer through the Stock exchange. Any equity shareholder holding the Equity shares of Kaveri Seed Buyback can participate in the buyback offer through their stockbroker.

The Public Announcement for Kaveri Seed Buyback can be download here.

Any equity shareholder holding the shares in Demat form can participate in the buyback offer through their stockbroker. The physical shareholder can participate only once the shares get converted into a Dematerialized form.

The shareholder needs to inform their broker on the details of the Equity shares they wish to sell. The broker will place a sell order whenever the company places a buy order for the buyback. The trade would get executed at the offer price or lesser only when the price offered by the shareholder matches with the buy order placed by the company.

Necessity of the Issue:

The Buyback aims to :
i) Help the company return surplus cash to its shareholders holding Equity.
ii) Improve return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders’ value.
iii) Give an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares to be accepted under the Buyback offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buyback offer, without additional investment.

The Kaveri Seed Buyback offers an opportunity for the shareholders to exit their positions at a premium price. In case you stay invested you would have an increased percentage of shareholding in the company and improved earnings per share. Thus, one should understand the company fundamentals along with one’s need, goals, and risk appetite to decide if one wants to stay invested or participate in the buyback offer.