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Bayer CropScience gets nod for buyback of shares

06 Jun 2017 Evaluate

Bayer CropScience has received its board’s approval for buyback of 1.02 million shares at a price of Rs 4900 per share. The shares would be bought back from all the shareholders on a proportionate basis through the Tender Offer route at a price of Rs 4900 per share, aggregating to about Rs 500 crore.

Bayer CropScience is engaged in manufacturing and marketing of crop-protection solutions, and trades in seeds on behalf of group company Bayer Bioscience.

Peers
Company Name CMP
UPL 559.90
PI Industries 2250.10
Bayer CropScience 3940.75
Sharda Cropchem 753.05
Sumitomo Chem. India 451.50
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