Kaveri Seed Company plans share buyback, stock gains 2%

So far in 2019, the agricultural product company has underperformed the benchmark Sensex by slipping 8 per cent year-to-date (YTD).

Kaveri Seed Company gained 2.3 per cent to Rs 541.95 per share in the morning deals on the BSE on Tuesday after the company said its Board would consider share buyback of fully paid-up equity shares.

"A meeting of the Board of Directors of the company will be held on Tuesday, September 24th, 2019, to consider a proposal for buyback of fully paid-up equity shares, quantum and mode of buyback and other matters incidental thereto in accordance with rules laid down by Securities and Exchange Board of India (Sebi)," it said in an exchange filing. READ FILING