Kaveri Seed Company rises on getting nod to incorporate wholly owned subsidiary in Bangladesh

Kaveri Seed Company is currently trading at Rs. 492.00, up by 5.80 points or 1.19% from its previous closing of Rs. 486.20 on the BSE.

The scrip opened at Rs. 487.30 and has touched a high and low of Rs. 492.05 and Rs. 487.30 respectively. So far 535 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 629.00 on 19-Apr-2022 and a 52 week low of Rs. 417.00 on 03-Oct-2022.

Last one week high and low of the scrip stood at Rs. 496.40 and Rs. 480.80 respectively. The current market cap of the company is Rs. 2718.92 crore.

The promoters holding in the company stood at 59.90%, while Institutions and Non-Institutions held 23.31% and 16.80% respectively.

Kaveri Seed Company has received board's approval on April 10, 2023 to incorporate a wholly-owned subsidiary company in Bangladesh under the name of ‘Kaveri seed company Bangladesh’ or such other name, in view of the various business opportunities available in that country.

Kaveri Seed Company is India's leading agriculture company specializing in Hybrid seeds. The Company is a robust franchise, built organically over many years, and-is amongst the top seed companies in the country.