In a bid to demerge its seeds business into a different entity, Camson Bio Technologies has filed an application with the Karnataka High Court. The company has already received the observation letter from the SEBI and the BSE in this regard.
The shareholding pattern of Camson Seeds, the new demerged entity, will reflect the shareholding pattern of CBTL. Existing investors of the company will get one equity share of Camson Seeds for every share held in Camson Biotech.
Camson, incorporated in 1993 is India's first wholly integrated Agriculture Biotechnology, is based at Bangalore, garden city of India. It has developed many unique biocides for plant protection and hybrid seeds for improved productivity.
