“The board of administrators of
Restricted at its assembly held on November 01, 2022, has inter-alia permitted the proposal to buyback its personal absolutely paid up Fairness Shares having Face Worth of Rs. 2/- every (‘Fairness Shares’) from the fairness shareholders as on Document Date, for upto 10,00,000 absolutely paid up Fairness Shares (being 2.15 % of the overall paid up Fairness Share Capital of the Firm) at a value of Rs. 850/-per share for an mixture quantity not exceeding Rs. 85 crore solely, (being lower than 10% of the Paid Up Capital and Free Reserves as on March 31, 2022) on a proportionate foundation by means of the “Tender Provide” route as per SEBI Buyback Rules and the Corporations Act, 2013,” mentioned the corporate’s submitting with the change.
The corporate has mounted November 18 because the document date.
Shares of Dhanuka Agritech have yielded multibagger returns of 144% within the final 3 years, whereas on a year-to-date foundation, it has yielded detrimental a return of over 12%.
Dhanuka Agritech, with a market capitalization of round Rs 3,400 crore, is among the many nation’s main agro-chemical firms and is listed by Forbes Journal within the class of “200 Greatest underneath A Billion Corporations in Asia Pacific”.
