Syngenta delisting bids higher than floor price

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Syngenta delisting bids higher than floor price

The Syngenta delisting offer has received maximum bids at Rs 725 a share versus a floor price of about Rs 352 reports CNBC-TV18.

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The Syngenta delisting offer has received maximum bids at Rs 725 a share versus a floor price of about Rs 352 reports CNBC-TV18.

Most bids were at Rs 725 per share as against the floor price of Rs 352. The bid price impacted by LIC, which holds 3.4%, has put in bid at Rs 720/share.

The Swiss parent holds 84% and the delisting offer is for remaining 16%. Syngenta India offers crop protection solutions and offers high-value agrochemicals and seeds.

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