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The ₹200-crore buyback offer of Kaveri Seed Company opened on Monday and will end on September 7. The company has offered to buy back up to 29.63 lakh shares, or 4.48 per cent of the total paid-up equity, at ₹675 a share. Kaveri Seed had set August 3 as the record date for shareholders to participate in the buyback, which is through tender route on a proportionate basis. On Monday, just 1,028 shares (0.03 per cent) were tendered.
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