Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
| Title | Detail |
|---|---|
| Company Name: | Kaveri Seed Company Ltd |
| Buyback Type: | Tender Offer |
| Offer Amount: | ₹325.00Cr |
| Buyback Number of Shares: | 44,82,758 |
| Buyback Price: | 725 |
| Approx Entry Price: | 662.55 |
| Promoters In: | Y |
| Record Date: | 23-02-2024 |
| Buyback Open Date: | 29-02-2024 |
| Buyback Close Date: | 06-03-2024 |
| Payment Date: | 13-03-2024 |
| Record Date Price: | 668.35 |
| Maximum Retail Quantity: | 299 |
| Draft Letter of Offer: | Draft Letter of Offer |
| Letter of Offer: | - |
| Acceptance Ratio Retail: | 116 Equity Share out of every 459 Fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio Retail %: | 25.27 |
| Acceptance Ratio General: | 46 Equity Share out of every 643 Fully paid-up Equity Shares held on the Record Date. |
| Acceptance Ratio General %: | 7.15 |
| Final Acceptance Ratio %: | - |
The Record Date for Kaveri Seed Company Ltd Buyback offer is 23rd Feb 2024
Which means you should hold the Kaveri Seed Company Ltd share in your demat account by closing session of 23rd Feb 2024. Share purchased on and before (23rd Feb 2024) - 2 business days will be available in your demat account by 23rd Feb 2024.
Its all depend on acceptance ratio which usually announce with Letter of Offer. Lets assume if you have Kaveri Seed Company Ltd shares at ₹662.55 and buyback offer price is ₹725, you can get ₹62.450000000000045 per accepted share. If you hold 302 shares of Kaveri Seed Company Ltd and if proportionate acceptance is between 33% and 50%, in such case you are eligible to sell your 100 to 151 shares with the gain from buyback of ₹6245 to ₹9430.
The percentage of proportionate acceptance varies from company to company. This percentage can be also 100% which means that company buys all of your shares.
| % Share Accepted | No of Shared Accepted | Gain from Buyback Offer |
|---|---|---|
| 33% | 100 | ₹6245 |
| 50% | 151 | ₹9430 |
| 75% | 226 | ₹14114 |
| 100% | 302 | ₹18860 |
Steps to participate in Kaveri Seed Company Ltd buyback:
Share holders who hold less than 2 lakh worth of shares are consider in Retail Category. All others will consider in General Category. Last trading price on record date will be used to calculate the eligibility criteria.
Buyback opening date for Kaveri Seed Company Ltd: 29th Feb 2024
Buyback closing date for Kaveri Seed Company Ltd: 6th Mar 2024
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .
As this is a buyback tender offer, shares are accepted in proportionate basis. Proportionate acceptance / rejection will be returned back to the eligible shareholders directly by the Registrar on or before 13th Mar 2024.
Buyback opening date for Kaveri Seed Company Ltd: 29th Feb 2024
Buyback closing date for Kaveri Seed Company Ltd: 6th Mar 2024
This is the window when you need to submit your application for proposal for share buyback. If you are submitting tender forms or submitting physical share certificates, it must reach to registrar by .
