Insecticides India 2021 Buyback
(i) It wasn’t easy for Mr. Rajesh Agarwal to start Insecticides India Limited from nowhere, but his passion and sedulous character has today made IIL one of the leading company in the domestic agro chemical market. In the past one decade they have done lot of collaborations & tie-ups with reputed international companies like:
Nissan Chemical Corporation, Japan – Marketing Tie up for three specialty products Fungicide PULSOR, Selective Herbicide HAKAMA and Insecticide AIKIDO.
OAT Agrio, Japan for setting up product invention R&D Centre in JV–Insecticides (India) signed a JV with OAT Agrio Co., Ltd of Japan for setting up a R&D Centre in India with an objective of inventing new agrochemical molecules for the International market.
Momentive, USA – Tie up with MOMENTIVE Performance Material INC, USA for AGRO SPRED* MAX for silicone based super spreader.
Nihon Nohyaku, Japan – Tie up for SUZUKA (Flubendiamide), HAKKO (Buprofezin) and AIKIDO.
(ii) With 107 Branded formulations, 15 technical and 375+ SKUs, IIL today is evolving to make farmers aware and educate about sustainable crop development. IIL ‘hand-in-hand with farmer’ approach has made them a preferred brand among the farmers. Their Tractor Brand is the living validation of this success.
(iii) Products of the company:
Insecticide, Herbicide, Fungicide, Surfactants, and bio-logical.
Buy Back Offer Deal:
|Buyback Type:||Open Market|
|Buyback Offer Amount:||₹ 60 Crores|
|Date of Board Meeting approving the proposal:||Mar 30 2021|
|Date of Public Announcement:||Mar 30 2021|
|Price Type:||Open Market|
|Buyback Price:||₹ 575 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Profit before tax||50||82||118||153||111|
|EPS in Rs||19.15||28.89||40.78||59.42||42.05|