BayerCrop gets shareholders' nod to buyback Rs 449 cr shares

Bayer CropScience today said it has received shareholders' nod for buyback of shares worth Rs 499.99 crore in cash.

In a BSE filing, the large-cap company informed that 10,20,408 shares, representing 2.89 per cent stake, will be bought at a price of Rs 4,900 a scrip in cash.

A resolution in this regard was approved by majority shareholders through the postal ballet process, it added.

Bayer CropScience has presence in seeds, crop protection and non-agri pest control.

Its scrip fell by 0.12 per cent to settle at Rs 4,610 apiece on BSE today.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)