Buy Back of Shares: Kaveri Seeds zooms more than 5  per cent on buy back update

The share price of Kaveri Seeds soared by more than 5 per cent on an intraday basis on Wednesday as the company announced its plan to buy back its shares. The company announced on bourses that the board has approved the buy back of shares for an aggregate amount 
not exceeding Rs 120,00,13,000/- while the the maximum buy back price will not exceed Rs 850 per share. 

The share price of Kaveri Seeds is down by 5 per cent in past one year while in the past one month the stock is down by more than 13 per cent. In 2021 however the stock is up by more than 17 per cent. 

Kaveri Seed Company is engaged into research, production, processing and marketing of various high quality hybrid seeds.