Bayer AG increases stake in Indian subsidiary by 11.9%
pre-market1 source ↓written by the desknot a recommendation
- 11.91%
- block deal
- ₹2,207 cr
- at an average
- 53,54,030 shares
- per share
- ₹4,122.30
- its holding
- 8.43%
Bayer AG has raised its stake in Bayer CropScience Ltd by 11.91% through a ₹2,207 cr block deal, acquiring 53,54,030 shares at an average price of ₹4,122.30 per share. This boosts its holding from 8.43% to 20.34%. The overall promoter stake remains unchanged, indicating stable control within the group. Following the news, shares of Bayer CropScience traded at ₹4,128, reflecting a minor dip of nearly 1%.
Not investment advice. For informational purposes only.