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Bayer CropScience spurts on selling Thane property for Rs 520 crore

30 Nov 2012

Bayer CropScience is currently trading at Rs 1245.70, up by 23.90 points or 1.96% from its previous closing of Rs 1221.80 on the BSE.

The scrip opened at Rs 1236.65 and has touched a high and low of Rs 1257.00 and Rs 1232.00 respectively. So far 4397 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 10 has touched a 52 week high of Rs 1288.00 on 29-Nov-2012 and a 52 week low of Rs 673.05 on 23-Dec-2011.

Last one week high and low of the scrip stood at Rs 1288.00 and Rs 1160.00 respectively. The current market cap of the company is Rs 4944.65 crore.

The promoters holding in the company stood at 71.11% while Institutions and Non-Institutions held 16.06% and 12.83% respectively.

Bayer CropScience, agro-chemical firm has sold its property at Thane in Maharashtra for Rs 1,250 crore to Agile Real Estate. It had 104 acres at Kolshet Road, Balkum Village in Thane along with buildings and structures.

The company had entered into a binding agreement with Agile Real Estate, in March 2011, for the proposed sale of said asset. Also, Agile had paid Rs 520 crore as earnest money and advance for this exclusive deal.

In India, Bayer CropScience operates in three business segments: crop protection, bioscience and environmental science. It offers a wide range of products and extensive service backup for modern, sustainable agriculture as well as for non-agricultural applications.

Related Bayer CropScience Ltd. Links:

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