Agrochemicals firm Dhanuka Agritech today said its board has approved buyback of Rs 80 crore worth of equity shares.
In a BSE filing, the company said about 9,41,176 equity shares will be bought back at a price of Rs 850 per share.
The buyback price was finalised in the meeting of the buyback committee of the Board of Directors of the company today, it said.
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The buyback size represents about 1.88 per cent of the total issues and paid-up equity capital of the company as on March 31, 2016.
Dhanuka Agritech manufactures wide range of agro-chemicals and has technical tie-ups with American and Japanese companies.
Shares of the company rose by 0.82 per cent to Rs 755 on BSE.
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