Board would review the revised nearly $65 bn takeover bid from German pharma and chemical giant Bayer AG.
Monsanto India Ltd rose 2% to Rs.2520 on BSE. Monsanto said that its board would review the revised nearly $65 bn takeover bid from German pharma and chemical giant Bayer AG, as per reports.
The company had raised its all-cash offer to Monsanto shareholders from $122 to $125 per share.
The scrip opened at Rs. 2540 and has touched a high and low of Rs. 2557.15 and Rs. 2517.1 respectively. So far 28332(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 4282.37 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. 2573.3 and Rs. 2434.15 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 50 DMA.
No comments:
Post a Comment