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BayerCrop gets shareholders' nod for Rs 500 cr buyback

Bayer CropScience on Friday said it has received shareholders' nod for buyback of shares worth Rs 499.99 crore in cash.

July 21, 2017 / 07:33 PM IST

Bayer CropScience on Friday said it has received shareholders' nod for buyback of shares worth Rs 499.99 crore in cash.

In a BSE filing, the large-cap company informed that 10,20,408 shares, representing 2.89 percent stake, will be bought at a price of Rs 4,900 a scrip in cash.

A resolution in this regard was approved by majority shareholders through the postal ballot process, it added.

Bayer CropScience has a presence in seeds, crop protection and non-agri pest control.

Its scrip fell by 0.12 percent to settle at Rs 4,610 apiece on BSE today.
first published: Jul 21, 2017 07:32 pm

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