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
|Dhanuka Agritech Buyback Price
|INR 850 per share
|Buyback Offer Size (Shares)
|Buyback offer as % of total shares
|Buyback Offer Size (Amount)
|INR 85 Crore
|INR 2 per share
Dhanuka Agritech Buyback 2022 Tentative Dates
|Board Meeting for Buyback Proposal
|01 November 2022
|Buyback Approval Date
|Public Announcement of Buyback
|03 November 2022
|Dhanuka Agritech Buyback Record Date
|18 November 2022
|Buyback Opening Date
|Buyback Closing Date
|Cut-off Date to receive completed tender forms by Registrar
|Verification Date by the Registrar
|Return of unaccepted shares by Registrar
|Extinguishment of accepted shares
Dhanuka Agritech Buyback Objectives
The fund will be used for the following Objectives:
- 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.
- 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
|Profit After Tax
Company Contact Information
Dhanuka Agritech Limited
82, Abhinash Mansion,
First Floor, Joshi Road, Karol Bagh,