Bayer AG increases stake in Indian subsidiary via ₹2,207 crore deal
after close1 source ↓written by the desknot a recommendation
- 11.91%
- block deal
- ₹2,207.09 crore
- at an average
- 53,54,030 shares
- each
- ₹4,122.30
- direct holding
- 8.43%
Bayer AG has raised its stake in Bayer CropScience Ltd by 11.91% through a ₹2,207.09 crore block deal, acquiring 53,54,030 shares at an average price of ₹4,122.30 each. This boosts its direct holding from 8.43% to 20.34%. The overall promoter stake remains unchanged, reflecting stable control within the Bayer group. Shares of Bayer CropScience traded near ₹4,128, down nearly 1% post-announcement.
Not investment advice. For informational purposes only.