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Dhanuka Agritech Limited Buy-Back Details

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 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.
Dhanuka Agritech Limited Buy-Back Details
Date of Board Meeting for Buyback Proposal 14-11-2018
Date of Buyback Approval 14-11-2018
Date Public Announcement of Buyback 14-11-2018
Buyback Type Tender Offer
Buyback Record Date 02-01-2019
Buyback Opening Date 25-01-2019
Buyback Closing Date 07-02-2019
Buyback Amount ₹ 82.50 Cr
Buyback Number of Share 15,00,000
Buyback Price ₹ 550 Per Share
Face Value ₹ 2
Holding Time 3 Months
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Profit acceptance Ratio
Buy 363 Shares at CMP ₹ 550 [2,00,000/550 = 363]
Acceptance Ratio 33% 50% 75% 100%
Buy Price ₹ 410 ₹ 410 ₹ 410 ₹ 410
Amount Invested in Buyback ₹ 1,48,830 ₹ 1,48,830 ₹ 1,48,830 ₹ 1,48,830
No. of Shares Buy 363 363 363 363
Earning Per Share ₹ 140 ₹ 140 ₹ 140 ₹ 140
No. of Shares Buy-Back 120 182 272 363
BuyBack Profit ₹ 16770.6 ₹ 25410 ₹ 38115 ₹ 50820
Profit(%) - % - % - % - %
Dhanuka Agritech Limited 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: headoffice@dhanuka.com
Website :- www.dhanuka.com
Registrar of Dhanuka Agritech Limited
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