The buyback offer intends to repurchase a maximum of 44,82,758 equity shares, equivalent to 8.01% of the total paid-up equity capital as of 31 March 2023.

Further, the company plans to allocate at least 50% of the maximum buyback size, i.e., Rs 162.50 crore, for the buyback, ensuring the purchase of a minimum of 22,41,379 equity shares based on the minimum buyback size and maximum buyback price.

As on 29 December 2023, promoters and promoter group held 59.90% in Kaveri Seed Company.

Kaveri Seed Company is India's leading agriculture company specializing in hybrid seeds. On a consolidated basis, net profit of Kaveri Seed Company rose 158.87% to Rs 13.72 crore on 2.54% increase in net sales to Rs 171.32 crore in Q2 September 2023 over Q2 September 2022.