New Delhi, Dec 19 (PTI) Dhanuka Agritech Ltd on Monday said its buyback offer for shares worth Rs 85 crore will open on December 26.

The buyback will close on January 6, 2023, the company said in a regulatory filing.

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The company has proposed to buy back 10 lakh shares of face value of Rs 2 each at Rs 850 per share for an aggregate amount of Rs 85 crore through a tender offer process.

The board approved the buyback of shares in a meeting held on November 1, 2022.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)