Bayer CropScience has received its shareholders’ nod for buyback of shares worth Rs 499.99 crore in cash. The large-cap company will buyback 10,20,408 shares, representing 2.89 percent stake, at a price of Rs 4,900 a scrip in cash.
Bayer CropScience is engaged in manufacturing and marketing of crop-protection solutions, and trades in seeds on behalf of group company Bayer Bioscience.