Kaveri Seed Buyback 2019

Kaveri Seed Buyback 2019Kaveri Seed Buyback description - Kaveri Seed Company is one of the fastest-growing seed companies in the country and boasts of a wide network of more than 15,000 distributors and dealers across India. Genetically enhanced premium quality seed has been the hallmark of Kaveri for more than three decades. The company has vast experience in seed production of major agricultural crops backed by a very strong in-house R&D programme for crops maize, cotton, sun flower, bajra, sorghum, rice and several vegetable crops.

Through one of the largest anthology of crop germplasm in the country, Kaveri has made its products draught and disease resistant and its portfolio also includes high yielding hybrid. According to its website, the company currently employs 883.

Kaveri Seed promoters and members of promoter group
  • Venkata Bhaskar Rao Gundavaram (HUF)
  • Gundavaram Venkata Bhaskar Rao
  • Vanaja Devi Gundavaram
  • Pawan Gundavaram
  • Vamsheedhar Chennamaneni
  • Mithunchand Chennamaneni

Kaveri Seed Buyback details

Buyback Dates To be announced
Buyback Price  INR700 per share
Buyback Offer Amount 28,00,000 shares (INR196 crore)
Offer Size (in %) 4.44% of outstanding shares
Offer Type Tender
Promoter participation Yes
Face Value  INR2 per share
Kaveri Seed Buyback Timeline

Particulars

Date

Board Meeting for Buyback Proposal 24 September 2019
Buyback Approval Date 24 September 2019
Public Announcement of Buyback 6 November 2019
Buyback Record Date 22 November 2019
Buyback Opening Date To be announced
Buyback Closing Date To be announced
Cut-off Date to receive completed tender forms by Registrar To be announced
Verification Date by the Registrar To be announced
Return of unaccepted shares by Registrar To be announced
Extinguishment of accepted shares To be announced
Registrar of Kaveri Seed Buyback 2019

Bigshare Services Private Limited 
1st Floor, Bharat Tin Works Building, Opp Vasant Oasis
Makwana Road, Marol, Andheri (E)
Mumbai - 400059

Phone: +91 22 6263 8200
Fax: 
+91 22 6263 8280
Email:
[email protected]
Website: www.bigshareonline.com

Manager of Kaveri Seed Buyback 2019

Karvy Investor Services Limited
Plot No.31, 8th Floor, Karvy Millennium
Nanakramguda, Financial District, Gachibowl
Hyderabad - 500 032

Phone: +91 40 23428774
Email: [email protected]
Website: www.karvyinvestmentbanking.com

Kaveri Seed Buyback 2019 Documents 

Public Announcement 

Draft Letter of Offer 

Letter of Offer 

Kaveri Seed Buyback Ratio (Entitlement Ratio)
Shareholder Category Buyback Ratio/Entitlement Ratio Buyback Ratio (in %)
Reserved Category (Shares worth up to INR2,00,000 as on record date) To be updated To be updated
General Category (Other shareholders) To be updated To be updated
Potential profit from Kaveri Seed Buyback

The following table outlines how much you can gain at different acceptance ratios. The calculations are based on the closing price of INR533.35 per share as of 15 November 2019 and on the assumption that a maximum amount of INR2,00,000 is invested in buying shares.

Actual entitlement ratio will be disclosed by the company at a later stage.

Acceptance ratio 20% 30% 40% 50%
Maximum shares in buyback 374 374 374 374
Investment amount 1,99,473 1,99,473 1,99,473 1,99,473
Shares accepted  74 112 149 187
Profit in buyback  12,332 18,665 24,831 31,164
Profit in % 6.2% 9.4% 12.4% 15.6%

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