The board has approved Resignation of C. Ravishankar as Director from the Board of Directors of the Company w.e.f. March 22, 2016.
Monsanto India Ltd stock was higher by 12% at Rs. 1805. The Board of Directors of the Company at its meeting held on March 22, 2016, has taken the following decisions:
The board has approved Resignation of C. Ravishankar as Director from the Board of Directors of the Company w.e.f. March 22, 2016 and appointment of Piyush Nagar as an Additional Director of the Company w.e.f. March 23, 2016.
The board also approved Resignation of Abdul Alim Sayed, Chief Financial Officer w.e.f. March 31, 2016.
Monsanto India Ltd is currently trading at Rs. 1805, up by Rs. 191.35 or 11.86% from its previous closing of Rs. 1613.65 on the BSE.
The scrip opened at Rs. 1600 and has touched a high and low of Rs. 1823.4 and Rs. 1600 respectively. So far 47892(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2785.6 crore.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3376.55 on 24-Jul-2015 and a 52 week low of Rs. 1526.15 on 04-Mar-2016. Last one week high and low of the scrip stood at Rs. 1705 and Rs. 1604.9 respectively.
The promoters holding in the company stood at 72.14 % while Institutions and Non-Institutions held 7.34 % and 20.52 % respectively.
The stock is currently trading above its 200 DMA.
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