Dhanuka Agritech Limited manufactures a wide range of agro-chemicals like herbicides, insecticides, fungicides, miticides, plant growth regulators in various forms – liquid, dust, powder, and granules.
The Company has a pan-India presence through its marketing offices in all major states in India, with a network of more than 7,000 distributors/ dealers selling to over 75,000 retailers across India and reaching out to more than 10 million farmers. The Company has technical tie-ups with 4 American, 5 Japanese & 2 European Companies.
Dhanuka’s target customers are primarily farmers. Growth drivers are the intensive marketing network penetrating even the interiors of India, increased farm income, enhanced awareness about the cost-benefit tradeoff of agro-chemicals, highly diverse product range with a solution for almost all problems in all crops, innovative marketing strategies, and international technical tie-ups. The Company keeps adding new products every year through its collaborations and is continuously on the lookout to bring the latest technology to Indian Farmers.
Buy Back Offer Deal:
Buyback Type: Tender Offer Buyback Record Date: Nov 18 2022 Buyback Offer Amount: ₹ 85 Cr Date of Board Meeting approving the proposal: Nov 01 2022 Date of Public Announcement: Nov 01 2022 Buyback Offer Size: 2.15% Buyback Number of Shares: 10,00,000 Price Type: Tender Offer FV: 2 Buyback Price: ₹ 850 Per Equity Share
Details of Buyback:
The Board of Directors of Dhanuka Agritech Limited Buyback 2022 at its meeting has approved the proposal for buyback of fully paid up equity shares of the Company having a face value of INR 2/- (“Equity Shares” and such buyback “Buyback”) from all shareholders/ beneficial owners of the Equity Shares of the Company, as on record date of 18.11.2022, through the “Tender Offer” route, at a price of INR 850/- for an aggregate amount not exceeding INR 85 Cr/.
Salient financial parameters:
Particulars(in crores) Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sales 963 1,006 1,120 1,387 1,478 Expenses 796 860 947 1,118 1,214 Operating Profit 166 146 174 269 264 OPM % 17% 15% 15% 19% 18% Other Income 16 21 25 34 34 Interest 1 1 2 3 3 Depreciation 14 12 16 15 16 Profit before tax 167 154 181 285 278 Tax % 24% 27% 22% 26% 25% Net Profit 126 113 141 211 209 EPS in Rs 25.71 23.66 29.71 45.21 44.85 Dividend Payout % 21% 3% 40% 4% 31%
How to Participate in buyback?
1. Firstly, to be eligible for the buyback the investor should have shares of Dhanuka Agritech Limited Buyback 2022 in demat or physical form as on record date on 18.11.2022 2. Once you have shares in demat, you can participate in the buyback process which is opening from [ To be updated ] by selling your shares through your broker on NSE or BSE. 3. Then on [To be updated ], the settlement will be done for accepted shares and unaccepted shares will be returned to your demat account.
Profit from the buyback on the bases of acceptance Ratio:
Shares at CMP of Rs.732 [2,00,000/850) Acceptance Ratio 33% 50% 75% 100% (i) Amount Invested in Buyback
1,72,020
1,72,020
1,72,020
1,72,020
(ii) No. of Shares buyback 76 118 183 235 (iii) BuyBack Profit
8,968
13,924
21,594
27,730
(iv) Profit(%)
5.21%
8.09%
12.55%
16.10%
Buy 235at CMP of Rs.732 [2,00,000/850)
Recommendation:
Review and Recommendation of Dhanuka Agritech Limited Buyback Offer 2022 from IZ team is: 5/10 [Good arbitrage of 16% is available in the buyback. The growth in the financials for FY22-23 is also good. However, the size of buyback is small. ]
Company Contact Details:
Dhanuka Agritech Limited 14th Floor, Building 5A, DLF Cyber Terrace, Cyber City, DLF Phase III Gurgaon- 122002, Haryana, India. Phone: +91-124-3838500 Email: [email protected]
Dhanuka Agritech Buyback 2022 description – The company is one of India’s leading agro-chemical Company. It is listed with the Bombay Stock Exchange and the National Stock Exchange of India.
It has a PAN-India presence through its marketing offices in all major states across India. The company has 3 manufacturing units with 39 warehouses and a network of over 8 branch offices across the Indian geography caters to 6,500 Distributors & around 75,000 Dealers.
Its workforce of more than 1,000 techno-commercial staff, supported by a strong R&D division and a robust distribution network helps Dhanuka to reach out to approximately 10 million Indian farmers with its products and services.
Dhanuka Agritech Share Buyback 2022 Details
Buyback DatesComing soonDhanuka Agritech Buyback Price INR 850 per shareBuyback Offer Size (Shares)10,00,000 sharesBuyback offer as % of total shares2.15%Buyback Offer Size (Amount)INR 85 Crore Offer TypeTenderPromoter ParticipationYesFace Value INR 2 per shareListing AtBSE, NSE
Dhanuka Agritech Buyback Dates (Timeline)
Board Meeting for Buyback Proposal01 November 2022Buyback Approval Date01 November2022Public Announcement of Buyback03 November 2022Dhanuka Agritech Buyback Record Date18 November 2022Buyback Opening DateComing soon Buyback Closing DateComing soon Cut-off Date to receive completed tender forms by RegistrarComing soon Verification Date by the RegistrarComing soon Return of unaccepted shares by RegistrarComing soon Extinguishment of accepted sharesComing soon
Dhanuka Agritech Buyback 2022 Documents
Offer Letter
Draft Letter of Offer
Public Announcement
Board Approval
Upcoming Share Buyback
Dhanuka Agritech Buyback Entitlement Ratio
Shareholder CategoryEntitlement RatioEntitlement Ratio (in %)Small Shareholders
(shares less than INR 2 Lakh)4.86*General category
(for all other Eligible Shareholders)* Based on latest retail shareholding pattern
Small Shareholder is defined as shareholder who holds shares worth less than INR 2,00,000 as on record date.
Dhanuka Agritech Ltd’s Financial Performance
FY 2020FY 2021FY 2022Total Income1,145.161,421.171,511.36Total Expenses948.161,121.061,217.60Net income 141.47210.56208.78 Figures in INR crore unless specified otherwise
Calculation of Investment in Buyback
Maximum market value of a share holder as on record dateINR 2,00,000Buyback price per shareINR 850Maximum shares for small shareholder (2,00,000/850)236 shares*Closing price of stock as on 01 November 2022INR 730.05**Maximum amount invested in buyback (INR 730.05 x 236 shares)INR 1,72,292* No. of shares stands to change according to the closing price on record date
** For simplicity, we have considered price on buyback approval date
Dhanuka Agritech Buyback Profit Guidance
Shares Tendered Buyback EntitlementAcceptanceBuyback ProfitProfit in %2361212 (100%)1,439.40.842361224 (200%)2,878.81.672361236 (300%)4,318.22.51
Registrar of Dhanuka Agritech Buyback 2022
Phone:
Email:
Website:
Manager of Dhanuka Agritech Buyback 2022
Tel. No.:
Email:
Website:
Process to Participate in Dhanuka Agritech Buyback
All eligible shareholders of the company who own shares in the physical or demat form on the record date may participate in the buyback offer through their stock broker. The eligible shareholders who hold the shares in demat form must notify their brokers of the details of the equity shares that they wish to tender in the buyback offer.
The shareholder must transfer the tendered shares to the clearing corporation’s Special account. In turn, the broker would place a buyback order on the stock exchange.
The eligible shareholders who own the shares in physical form must present their broker with the original share certificates and supporting documents. After document verification is complete, the broker places an order on the stock exchange and submits the original share certificate and TRS (Transaction Registration Slip) to the registrar.
Frequently Asked Questions
When does Dhanuka Agritech share buyback offer open?
Dhanuka Agritech share buyback opens on November 2022 and closes on November 2022.
Which type of buyback is Dhanuka Agritech buyback offer?
Dhanuka Agritech buyback is a tender offer.
What is Dhanuka Agritech buyback price?
Dhanuka Agritech buyback price is INR 850 per share.
What is Dhanuka Agritech buyback record date?
Dhanuka Agritech buyback record date is 18 November 2022.
Dhanuka Agritech Limited is one of India’s leading agro-chemical Company. The company is listed with the Bombay Stock Exchange and the National Stock Exchange of India.
The company have a PAN-India presence through its marketing offices in all major states across India. Dhanuka Agritech Limited has 3 manufacturing units with 39 warehouses and a network of over 8 branch offices across the Indian geography caters to 6500 Distributors & around 75,000 Dealers.
Dhanuka’s workforce with more than 1000 techno-commercial staff, supported by a strong R&D division and a robust distribution network helps Dhanuka to reach out to approximately 10 million Indian farmers with its products and services.
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Dhanuka Agritech Ltd is engaged in the manufactures a wide range of agro-chemicals like herbicides, insecticides, fungicides, plant growth regulators in various forms – liquid, dust, powder and granules. Dhanuka Agritech Ltd plans to purchase of 10 Lakhs shares via Buyback at ₹1,000 per equity share for an aggregate amount not exceeding ₹100 crores.
Dhanuka Agritech Buyback 2020 Details & Review
Buyback TypeTender offerBuyback Offer Amount:₹ 100 CroresDate of Board Meeting Approval22 July 2020Date of Public Announcement16 September 2020Buyback Offer Size2.10 %Buyback Number of Shares10,00,000Price TypeTender OfferFace Value10Buyback Price₹ 1,000 Per Equity Share
Dhanuka Agritech Buyback 2020 Dates
Dhanuka Agritech Buyback Record Date28 September 2020Opening Date20 October 2020 Closing Date03 November 2020 (1.00 PM)Obligation (Fund Payout)10 November 2020Settlement Date (Shares Payout)11 November 2020Offer PriceRs. 1000/- per share
Dhanuka Agritech Buyback Acceptance Ratio
Acceptance RatioTotal Shares AcceptedBuyback PriceBuyback AmountProfitProfit%20%2001000200000439005.62%40%40010004000008780011.25%60%600100060000013170016.87%80%800100080000017560022.50%100%10001000100000021950028.12%
Profit and all other calculations is done on the basis of price on Sept 23, 2020 i.e. Rs.780.5
Dhanuka Agritech Financial Report
NarrationMar-14Mar-15Mar-16Mar-17Mar-18Mar-19Mar-20Sales 738.41785.07828.79883.35962.631,005.841,120.07Expenses617.86653.36688.97713.37796.40859.70946.57Operating Profit120.55131.71139.82169.98166.23146.14173.50Other Income 4.79 6.1312.5217.5116.0321.2025.09Depreciation4.845.865.9114.8514.2112.3516.36Interest4.172.601.101.101.051.041.71Profit before tax116.33129.38145.33171.54167.00153.95180.52Tax23.2023.3038.0249.6740.8341.3839.17Net profit93.14106.08107.31121.87126.18112.58141.35EPS18.63 21.22 21.4624.8225.7023.6529.70PE13.5132.05 27.4532.0421.4316.4910.95Price251.65 679.90 589.05795.25550.80389.90325.20
Dhanuka Agritech Buyback FAQs
What is Dhanuka Agritech Buyback Price?
The company has fixed the Dhanuka Agritech Buyback price at ₹1,000.
What is the Dhanuka Agritech Buyback 2020 Record Date?
The company has announced 28th September 2020 as the Record Date
Dhanuka Agritech Buyback Review, Offer Details, Price, Dates, Size & more
In this article, they will discuss about Dhanuka Agritech Limited Buyback offer, buyback price, buyback size, Dhanuka Agritech Buyback record date, company financial, buyback necessity and its impact on company.
To track the real time share price of this Buyback, click on this link – Dhanuka Agritech Share Price
Dhanuka Agritech Limited Buyback Details
Buyback TypeTender OfferOpening DateOCTOBER 20, 2020Closing DateNOVEMBER 02, 2020Buyback Offer AmountRs.100 CRORESBuyback No. of Shares10,00,000Face ValueRs.2Date of Buyback ApprovalJuly 22, 2020Date of Public AnnouncementSeptember 16, 2020Buy Back PriceRs.1000Buy Back Premium22.93%Date of Board MeetingJuly 22, 2020
Dhanuka Agritech Buyback Opening and Closing Date
The starting and closing date of this buyback is from OCTOBER 20, 2020 to NOVEMBER 02, 2020.
Dhanuka Agritech Buyback Cash Offer
Cash Offer to Buy-back up to 10,00,000 fully paid-up equity shares of the Company of face value of Rs.2 each, representing 2.10% of the issued, subscribed and paid-up Equity Shares of the Company.
Dhanuka Agritech Buyback Record Date
The decided record date is September 28, 2020.
Dhanuka Agritech Buyback Price
At a price of Rs.1000 per Equity Share.
Dhanuka Agritech Buyback Size
At a buyback price of Rs.1000 payable in cash for an aggregate maximum amount of Rs.100 CRORES.
Dhanuka Agritech Limited Buyback Acceptance Query
You can check for Buyback Acceptance query here. Just click on the given link and it will redirect you to buyback acceptance query page.
Dhanuka Agritech Limited Buyback Acceptance Ratio
Find profit & profit percentage based on various acceptance rate, The profit is calculated based on 1000 shares.
Acceptance RatioTotal Shares AcceptedBuyback PriceBuyback AmountProfitProfit%20%2001000200000599808.57%40%400100040000011996017.13%60%600100060000017994025.70%80%800100080000023992034.27%100%10001000100000029990042.84%
Profit is calculated from Oct 19, 2020 share price i.e. Rs.700.1 per share of Dhanuka Agritech Limited.
According to the above table, if a shareowner applies for 1000 shares of Dhanuka Agritech limited & gets 20% acceptance from the company and the owner with 1000 shares will sell 200 shares @ Rs.1000 per share & receive Rs.59980 as profit amount & 8.57% profit percentage on selling these 200 shares back to the company.
Similarly, if the owner gets 60% acceptance of share from the company, the owner will sell 600 shares @ Rs.1000 & receive a profit of Rs.179940 @ 25.70% profit percentage.
Dhanuka Agritech Limited Buyback Overview
The Company is engaged in the business of manufacturing of wide range of agro-chemicals like herbicides, insecticides, fungicides and plant growth regulators in various forms – liquid, dust, powder and granules.
The Company has three facilities located at Sanand (Gujarat); Udhampur (Jammu and Kashmir); Keshwana (Rajasthan) and quality control laboratory located at Sanand (Gujarat) and Keshwana (Rajasthan) certified by National Accreditation Board for Testing and Calibration Laboratories.
Check other Buybacks with previous, upcoming and active status
Company Finances – Dhanuka Agritech Limited
The brief audited consolidated financial information of the Company for the last three financial years are provided below:
[In Rs. Crores]
ParticularsJune 30, 2020 (Unaudited)12 Months period ended March 31
(Audited)2020202020192018Total Income381.211145.161027.04978.67Total Expenses (excluding finance costs, depreciation & amortization, tax and exceptional items)308.56946.71859.84796.58Interest0.271.560.890.87Depreciation3.1616.3612.3514.21Profit before tax69.22180.53153.96167.01Provision for tax
(including Deferred Tax)17.4339.1841.3840.83Profit /(Loss) after tax51.79141.35112.58126.18Equity Share Capital9.529.52*9.529.82Reserve and SurplusNot available691.17625.46618.90NetworthNot available706.63641.27632.41Total DebtNAnilnil*nil
Dhanuka Agritech Limited Buyback Dates
Date of Board Meeting approving the BuybackJuly 22, 2020Date of publication of Public Announcement for BuybackSeptember 17, 2020Record Date for determining the Buyback Entitlement and the names of Eligible ShareholdersSeptember 28, 2020Buyback Opening dateOctober 20, 2020Buyback Closing dateNovember 02, 2020Last Date of verification of Tender Forms by the RegistrarNovember 05, 2020Last date of intimation regarding acceptance / non-acceptance of Tendered Equity Shares to the BSE Limited by the RegistrarNovember 09, 2020*Last date of Settlement of Bids on the BSE LimitedNovember 10, 2020Last date of return of unaccepted Equity Shares by BSE LimitedNovember 10, 2020*Last date of Extinguishment of Equity SharesNovember 16, 2020
Details of Public Announcement
The Public Announcement was published on September 17, 2020 in the following newspapers, in accordance with Regulation 7(i) of the Buyback Regulations, within two working days from the date of declaration of results of the Postal Ballot or special resolution:
PublicationLanguageEditionFinancial ExpressEnglishAll EditionsJansattaHindiAll Editions
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Necessity of Dhanuka Agritech Limited Buyback
The Buy Back is being proposed by the Company to return surplus cash to the shareholders of the Company for the following reasons:
i. The Buy Back will help the Company to return surplus cash to its members holding Equity Shares broadly in proportion to their shareholding, thereby, enhancing the overall return to shareholders;
ii. The Buy Back, which is being implemented through the Tender Offer route as prescribed under the Buy Back Regulations, would involve allocation of higher number of shares as per their entitlement or 15% of the number of shares to be bought back, reserved for the Small Shareholders. The Company believes that this reservation for small shareholders would benefit a large number of public shareholders, who would get classified as “Small Shareholder”;
iii. The Buy Back may help in improving return on equity, by reduction in the equity base, thereby leading to long term increase in shareholders’ value;
iv. The Buy Back gives an option to the shareholders holding Equity Shares of the Company, who can choose to participate and get cash in lieu of Equity Shares to be accepted under the Buy Back Offer or they may choose not to participate and enjoy a resultant increase in their percentage shareholding, post the Buy Back Offer, without additional investment;
v. Optimizes the capital structure.
Impact of Dhanuka Agritech Limited Buyback on the Company
The Buy Back is not likely to cause any material impact on the profitability / earnings of the Company, except to the extent of reduction in the amount available for investment, which the Company could have otherwise deployed towards generating investment income.
The Buy Back will not in any manner impair the ability of the Company to pursue growth opportunities or meet its cash requirements for business operations.
Salient financial parameters consequent to the Buyback based on the latest audited financial statement of the Company for the half year ended March 31, 2020 are as under:
Parameters (based on audited standalone financial statements for year ended March 31, 2020)Pre Buy-backPost Buy-back
(Assuming Full Acceptance)Net worth (Rs in crores)706.74606.74Return on Net worth (%)20.0223.32Earnings Per Share (Rs)29.7330.37Book Value per Share (Rs)148.54130.26Price / Earnings Ratio (P/E)**25.8325.29Total Debt / Equity Ratio0.010.01
Basis of Calculating Dhanuka Agritech Buyback Price
The Buy Back Price of Rs. 1,000/- (Rupees One Thousand only) per Equity Share has been arrived at after considering various factors including, but not limited to the trends in the volume weighted average prices of the Equity Shares on NSE and BSE, where the Equity Shares are listed, book value of Shares, the net worth of the Company, price earnings ratio, impact on other financial parameters and the possible impact of Buy Back on the earnings per share.
The Buyback Price represents
premium of 22.93% and 22.90% over the closing price of the Equity Shares on BSE and NSE respectively, as on July 17, 2020 being the trading day prior to the date on which the Company intimated the Stock Exchanges of the date of the Board Meeting, wherein the proposal of the Buy Back was considered.
premium of 32.78% and 32.80% over the average of the daily closing price of Equity Share of the Company quoted on the BSE and NSE respectively, during the two weeks preceding the Buy Back Committee meeting held on September 16, 2020 to determine final terms and conditions of Buy Back.
Know more about other Buybacks and their Registrar details
Source of Funds for the Buyback
Assuming full Acceptance, the funds that would be utilized by the Company for the purpose of the Buy Back of 10,00,000 (Ten Lakhs) Equity Shares at the Buy Back Price would be Rs. 100 Crores (Rupees One Hundred Crores only), excluding Transaction Costs.
The funds for Buy Back will be paid out of the Company’s current balances of cash and cash equivalents and other current investments and/or internal accruals of the Company (and not from any borrowed funds).
The Buy Back shall be made out of the free reserves of the Company as at March 31, 2020 (the last audited financial statements available as on the date of Board Meeting recommending the proposal of the Buy Back). The Company shall transfer from its free reserves a sum equal to the nominal value of the Equity Shares bought back through the Buy Back to the capital redemption reserve account and the details of such transfer shall be disclosed in its subsequent audited balance sheet and annual report(s).
The funds for the Buy Back will be sourced from internal accruals of the Company and borrowed funds will not be used for the purpose of Buy Back. However, if required, the Company may borrow funds in the ordinary course of its business.
Dhanuka Agritech Limited – Manager
to the Buyback
EMKAY GLOBAL FINANCIAL SERVICES LIMITED
Contact Person: Mr. Deepak Yadav/ Mr. Sagar Bhatia
Regd. Off.: 7th Floor, The Ruby, Senapati Bapat Marg,
Dadar-West, Mumbai-400028, Maharashtra
Tel. No.: +91 22 66121212
Fax No.: +91 22 66121355
Email id: [email protected]
Website: www.emkayglobal.com
SEBI Regn. No.: INM000011229
Validity Period : Permanent
Dhanuka Agritech Limited – Registrar to the Buyback
Cameo Corporate Services Limited
Subramanian Building, 1 Club House Road,
Chennai – 600 002, Tamil Nadu, India
Tel No.: +91 44 4002 0700 / 0710 / 2846 0390;
Fax No.: +91 44 2846 0129; Website: www.cameoindia.com
Email: [email protected]
Investor grievance e-mail: [email protected]
Contact Person: Ms.Sreepriya K
SEBI Registration No.: INR000003753
Dhanuka Agritech Limited
Contact Details
Company Contact Details
LINK INTIME INDIA PRIVATE LIMITED
Contact Person: Mr. Sumeet Deshpande
Regd. Off.: C-101, 1st Floor, 247 Park, L.B.S. Marg, Vikhroli (West), Mumbai – 400 083
Tel No.: +91 22 4918 6200
Fax No.: +91 22 4918 6195
Email id.: [email protected]
Website: www.linkintime.co.in
SEBI Regn. No.: INR000004058
Validity Period: Permanent
Dhanuka Agritech Limited Buyback News
News 1 – Buyback PDF / Letter of Offer [Download]
News 2 – Dhanuka Agritech Ltd – Public Announcement
FAQs of Dhanuka Agritech Buyback
What is the Dhanuka Agritech Buyback Period?
Dhanuka Agritech Buyback Period is briefly the time interval starting from the date of declaration of results of the postal ballot through remote e-voting i.e. OCTOBER 20, 2020. The period basically ends on the date of payment of consideration to Eligible Shareholders who participated in the Buyback, i.e. NOVEMBER 02, 2020.
What type of buyback is Dhanuka Agritech Buyback?
This company has chosen the route of Tender offer to repurchase the shares from the eligible shareholders. Tender offer route is one of the Two Routes generally chosen by the companies, i.e. Tender Offer and Open Market Through Stock Exchanges.
What is the Dhanuka Agritech Buyback Offer?
Dhanuka Agritech Buyback Offer refers to the number of shares the company plans to buy back from the eligible shareholders. Herein, the company proposes to buyback 10,00,000 Fully paid up Equity shares, adhering to the buyback price.
When Dhanuka Agritech Buyback offer will start?
As per the released schedule, the Dhanuka Agritech Buyback offer will start on OCTOBER 20, 2020. This is the opening date from when the Buyback will open for all shareholders. You will find the updated records of Dhanuka Agritech Buyback at all times, we ensure you have access to the right data.
When is the closing date of Dhanuka Agritech Buyback?
For ease in access to the dates and related aspects, we have segregated the closing date of Dhanuka Agritech Buyback. The buyback would close on NOVEMBER 02, 2020. The closing date is the last day for which the Buyback shall be open for the shareholders.
What is the offer price for Dhanuka Agritech Buyback?
The amount at which the shares are taken back by the company is referred to as Dhanuka Agritech Buyback offer price. Herein, each and every fully Paid-up equity share is priced at Rs.1000, the price paid to each eligible shareholder.
What is the record date for Dhanuka Agritech Buyback offer?
Record date of Dhanuka Agritech Buyback is September 28, 2020. Record date is generally the day when eligible shareholders are declared. Furthermore, complying with Buyback regulations, letter of offer and Tender form is sent to the eligible shareholders.
What is the issue size of Dhanuka Agritech Buyback?
Dhanuka Agritech Buyback Size is Rs.100 CRORES and is the total worth of Equity Shares the company plans on taking back. This amount is obtained from the total number of equity shares, multiplied by the Buyback price.
What is the necessity for Dhanuka Agritech Buyback?
Objective of the Dhanuka Agritech Buyback is to enhance the total return made by equity shareholders. Herein, the excess funds are given to the equity shareholders, which are over and above its ordinary capital requirements and in excess of any current investment plans. Through buyback, the company will distribute the surplus cash to shareholders as per their holding proportion.
Who is the Registrar to Dhanuka Agritech Buyback offer?
The designated registrar of Dhanuka Agritech Buyback is Cameo Corporate Services Limited
. You can find all the details related to the registrar in this report and contact them if you have any queries. You can check the details of the registrar, contact person, email address and more.
Who is the Manager to the Dhanuka Agritech Buyback offer?
Manager to the Dhanuka Agritech Buyback is EMKAY GLOBAL FINANCIAL SERVICES LIMITED. Manager basically ensures that the company following up buyback strictly adheres to and in conformity with the provisions of the Companies Act and Buyback Regulations.
How to check Dhanuka Agritech buyback acceptance ratio?
Acceptance ratio is basically the proportion of shares the company accepts, to the final number of shares tendered. It refers to how much the company would buyback and how profitable it would be for you. You can also check how much profit (%) you will earn. Click on the link and check on the website page.
Where to find Dhanuka Agritech Buyback Dates / Events?
You can check the table for the list of events, as designed for the buyback. This article is your one and final destination to check all the Dhanuka Agritech Buyback information. You will encounter a section exclusively set to record the dates, in this article, referred to as Dhanuka Agritech Buyback Dates.
What can be the Impact of Dhanuka Agritech Buyback on the Company?
The Buyback will not in any manner impair the ability of the Company to pursue growth opportunities or meet its cash requirements for business operations. The Buyback is expected to contribute to the overall enhancement of shareholder value and result in an increase in the return on equity of the Company. This Buyback is being undertaken, inter alia, for helping the Company to return surplus cash to the Eligible Shareholders broadly in proportion to their shareholding.
Where to find complete details on Dhanuka Agritech Buyback?
As mentioned already, this page would give you every single detail about this buyback. Also, you find the link to download the Draft / Letter of Offer. Each and every section is vividly and carefully placed, giving you insights into all major as well as minor aspects of the ratio. The article is also inclusive of all the links.
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