Kaveri Seed Company rose almost 5% touching to Rs. 575.8, after the board of directors of the organization authorised buyback stocks.
Kaveri Seed Company said that the company’s board has accepted buyback of equity shares of up to twenty-eight lakh shares, representing four.44% of fairness stocks aggregating to Rs. 196 crore on proportionate foundation even though smooth provide course.
The buyback fee is ready at Rs. 700 per proportion. The promoters intend to participate in the proposed percentage buyback.
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