Dhanuka Agritech Buyback Details: Dhanuka Agritech announced on Tuesday that its board of directors has approved a proposal to buy back up to Rs 85 crore in fully paid up shares of the agro chemicals company through the tend offer route. Dhanuka Agritech said in an exchange filing that it will buy back up to 10,00,000 fully paid up equity shares, or 2.15 percent of the company’s total paid up share capital, at a price of Rs 850 per share.
Dhanuka Agritech Buyback Date
On July 20, 2022, Care Ratings Buyback 2022 was announced. The Care Ratings Buyback Dates are (To be announced). This buyback will cost around Rs. 121.95 billion. And to accomplish this, a buyback tender offer will be made.
Dhanuka Agritech Buyback Price
The Care Ratings Buyback Price is Rs. 515 per share. The Company would perform a buyback using equity totaling 23,68,000 equity shares, which are fully paid up and have a face value of 10 rupees each, at a cost of Rs. 515 per equity.
Dhanuka Agritech 2022 Acceptance Ratio
The investor should buy around (To be announced) shares at a current market price of ₹(To be announced) (as of (To be announced)). The calculation will be Rs.2,00,000 / Rs.(To be announced) buyback price = (To be announced) shares.
Dhanuka Agritech Buyback Details
|Security Name||Dhanuka Agritech Limited|
|Buyback Type||Tender Offer|
|Record Date||Nov 18, 2022|
|Offer Opens On||(To be announced)|
|Offer Closes On||(To be announced)|
|Number of Shares||1,000,000.00 Equity Shares|
|Buyback Offer Amount||Rs 85 Crores|
|Listing At||BSE, NSE|
|Buyback Price||Rs. 850 Per Equity Share|
|Face Value||Rs. 2 Per Equity Share|
|Dhanuka Agritech Buyback Letter of Offer||Letter of Offer|
About Dhanuka Agritech Limited Buyback
One of the top credit rating companies in India was founded in 1993 and is called CareEdge Ratings (CARE Ratings Ltd). The business is a leading rating agency for many rating categories, including, among others, corporate, financial, structured finance, insurance, manufacturing, infrastructure, and non-financial services.
Additionally, CARE Ratings Ltd provides Risk solutions, Corporate Governance Rating, Grading Services, Customized Research, and Rating Tracker. Two wholly-owned subsidiaries of CareEdge Ratings (CARE Ratings Ltd.) are CARE Advisory, Research & Training Ltd. and CARE Risk Solutions Pvt Ltd.
It is well known that CareEdge is a knowledge-based organisation that offers almost real-time research on all national and international economic trends. On several topics, specialised research and surveys are also conducted. The industry research team continuously monitors and produces sector reports.
CARE Ratings Ltd. is a partner in the multinational credit rating company ARC Ratings on a global scale. Additionally, the organisation has affiliates in Nepal (CareEdge Ratings Nepal) and Mauritius (CareEdge Ratings (Africa) Private Limited (CRAF)). The company has a strategic alliance with Japan Credit Ratings Agency (JCR) and MoU with Russian rating agency ACRA.
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