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Best Agrolife gets nod to grant loan to subsidiary company

15 Mar 2021 Evaluate

Best Agrolife has received approval from board of directors to grant loan or give guarantee or provide security to Seedlings India, a wholly owned subsidiary of the Company for an amount not exceeding Rs 50 crore in one or more tranches, pursuant to Section 179 read with Section 186 of the Companies Act, 2013. The Board of Directors at its meeting held on March 15, 2021 has approved the same.

Best Agrolife engaged in business of trading of all kinds of plastic & chemicals raw material and products.

Peers
Company Name CMP
UPL 538.00
PI Industries 2300.00
Bayer CropScience 3603.85
Sharda Cropchem 721.10
Sumitomo Chem. India 431.30
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