Update on Kaveri Seeds:

On 20th, DoW had done Breaking News about Buy back plan of KSCL. Same day co made announcement. Board meeting today to give details of buyback

As per our estimate, kscl should announce Buyback for total 200 cr. It may happen at/around 600 per share. However share price may not go up as co may reserve 100 crores for promoters which means promoters may also tender shares worth 100 crores. This may be taken as negative by mktmen