Bayer CropScience has fixed share buyback price at Rs 1,580 per share through tender offer, a discount of about 10% to the Monday’s closing price of Rs 1,753 on NSE. The company’s board gave approval, at their meeting held on July 22, for buy back of about 2.88 million equity shares for around Rs 455 crore.
The company will buy back its own equity share from all the shareholders, including promoter of the company on a proportionate basis through the ‘Tender Offer’ route at price not more than Rs 1,580 per share.
Domestic institutional investors held 11.56% stake followed by individual shareholders (8.52%), foreign institutional investors (5.27%) and bodies corporate (3.52%).
Bayer CropScience is one of the world's leading innovative crop science companies in the areas of seeds, crop protection and non-agricultural pest control.
| Company Name | CMP |
|---|---|
| UPL | 616.80 |
| PI Industries | 2833.95 |
| Bayer CropScience | 4294.80 |
| Sharda Cropchem | 916.80 |
| Sumitomo Chemical | 475.05 |
| View more.. | |
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