Dhanuka Agritech Buyback: Important Dates & Details

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Dhanuka Agritech Buyback
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Dhanuka Agritech Buybac

Dhanuka Agritech Buyback: It has marketing offices in all of India’s main states, giving it a PAN-India presence. The business serves 6,500 distributors and over 75,000 dealers through a network of over 8 branch offices spread across India, which has 39 warehouses and 3 manufacturing facilities. 

With the aid of its more than 1,000 techno-commercial employees, a strong R&D division, and a solid distribution network, Dhanuka is able to provide its goods and services to roughly 10 million Indian farmers. 

Dhanuka Agritech Ltd also said its board has approved buying back 10 lakh shares at ₹850 a share, or up to ₹85 crore. 

Dhanuka Agritech Buyback 2022 Details 

Buyback Dates Coming soon 
Dhanuka Agritech Buyback Price  INR 850 per share 
Buyback Offer Size (Shares) 10,00,000 shares 
Buyback offer as % of total shares 2.15% 
Buyback Offer Size (Amount) INR 85 Crore 
Offer Type Tender 
Promoter Participation Yes 
Face Value  INR 2 per share 
Listing At BSE, NSE 

Dharmraj Crop Guard IPO: GMP, Issue Size, Issue Date and Financials

Dhanuka Agritech Buyback 2022 Tentative Dates  

Board Meeting for Buyback Proposal 01 November 2022 
Buyback Approval Date 01 November2022 
Public Announcement of Buyback 03 November 2022 
Dhanuka Agritech Buyback Record Date 18 November 2022 
Buyback Opening Date Coming soon 
Buyback Closing Date Coming soon 
Cut-off Date to receive completed tender forms by Registrar Coming soon 
Verification Date by the Registrar Coming soon 
Return of unaccepted shares by Registrar Coming soon 
Extinguishment of accepted shares Coming soon 

Dhanuka Agritech Buyback Objectives 

The fund will be used for the following Objectives: 

  1. The Buyback will help the Company to return surplus cash to its shareholders holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders. 
  1. The Buyback may help in improving return on equity, by the reduction in the equity base, thereby leading to a long-term increase in shareholders’ value. 

Dhanuka Agritech LTD Financials 

Period Ended Total Assets Total Revenue Profit After Tax 
31-Mar-21 1131.03 1421.17 210.56 
31-Mar-22 1312.19 1511.36 208.89 

Company Contact Information

Dhanuka Agritech Limited
82, Abhinash Mansion,
First Floor, Joshi Road, Karol Bagh,
New Delhi-110005

Phone: +91-11-23534551
Email: Investors@dhanuka.com
Websitehttp://investors@dhanuka.com

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