The Board of Directors also noted the intention of the Promoters and Promoter Group of the Company to participate in the proposed Buyback.
The Board has constituted a committee called "Buyback Committee and delegated its powers to do such acts, deeds, matters, and things as it may, in its absolute, deem necessary, expedient, usual or proper in relation to the proposed Buyback.
Kaveri Seed board of directors on Tuesday has approved the proposal for buyback of fully paid-up equity shares worth Rs196cr.
The Board has appointed Karvy Investor Services Limited as Manager to the Buyback.
The proposed Buyback will be subject to the approval of shareholders by way of a special resolution by way of a postal ballot and all other applicable statutory and regulatory approvals.
Shares price of Kaveri Seed Company Ltd ended at Rs548.70, up by Rs20.8 or 3.94% from its previous closing of Rs527.90 on the BSE.
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The Board has constituted a committee called "Buyback Committee and delegated its powers to do such acts, deeds, matters, and things as it may, in its absolute, deem necessary, expedient, usual or proper in relation to the proposed Buyback.
Kaveri Seed board of directors on Tuesday has approved the proposal for buyback of fully paid-up equity shares worth Rs196cr.
The Board has appointed Karvy Investor Services Limited as Manager to the Buyback.
The proposed Buyback will be subject to the approval of shareholders by way of a special resolution by way of a postal ballot and all other applicable statutory and regulatory approvals.
Shares price of Kaveri Seed Company Ltd ended at Rs548.70, up by Rs20.8 or 3.94% from its previous closing of Rs527.90 on the BSE.
Quick Trial – 9407533858
or mail us here - support@ethicalresearch.co.in
or visit - http://ethicalresearch.co.in/home/freetrial
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