Dhanuka Agritech Limited Buyback Offer 2018
Dhanuka Agritech Limited manufactures a wide range of agro-chemicals like herbicides, insecticides, fungicides, miticides, plant growth regulators in various forms – liquid, dust, powder, and granules.
The Company has a pan-India presence through its marketing offices in all major states in India, with a network of more than 7,000 distributors/ dealers selling to over 75,000 retailers across India and reaching out to more than 10 million farmers. The Company has technical tie-ups with 4 American, 5 Japanese & 2 European Companies.
Dhanuka’s target customers are primarily farmers. Growth drivers are the intensive marketing network penetrating even the interiors of India, increased farm income, enhanced awareness about the cost-benefit tradeoff of agro-chemicals, highly diverse product range with a solution for almost all problems in all crops, innovative marketing strategies, and international technical tie-ups. The Company keeps adding new products every year through its collaborations and is continuously on the lookout to bring the latest technology to Indian Farmers.
Buy Back Offer Deal:
|Buyback Type:||Tender Offer|
|Buyback Offer Amount:||₹ 82.50 Cr|
|Date of Board Meeting approving the proposal:||Nov 14 2018|
|Date of Public Announcement:||Nov 14 2018|
|Buyback Offer Size:||13.12%|
|Buyback Number of Shares:||1,500,000|
|Buyback Price:||₹ 550 Per Equity Share|
Details of Buyback:
How to Participate in buyback?
Profit from the buyback on the bases of acceptance Ratio:
|(i) Amount Invested in Buyback||1,43,500||1,43,500||1,43,500||1,43,500|
|(ii) No. of Shares buyback||115||175||262||350|
|(iii) BuyBack Profit||16,100||24,500||36,680||49,000|