Bayer AG offered to acquire Monsanto Co. for about $62 billion to create the world’s biggest supplier of farm chemicals and genetically modified seeds.
Monsanto India Ltd stock was higher by 5% at Rs. 2183. Bayer AG offered to acquire Monsanto Co. for about $62 billion to create the world’s biggest supplier of farm chemicals and genetically modified seeds.
The company offered $122 per share in an all-cash bid, it said in a statement Monday. That’s a 20 percent premium to Monsanto’s last close in the US.
The scrip opened at Rs. 2140 and has touched a high and low of Rs. 2219.65 and Rs. 2140 respectively. So far 16052(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 3586.34 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. 1520 on 11-Apr-2016. Last one week high and low of the scrip stood at Rs. 2545 and Rs. 2059.45 respectively.
The promoters holding in the company stood at 72.14 % while Institutions and Non-Institutions held 7.04 % and 20.82 % respectively.
The stock is currently trading above its 200 DMA.
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