Bayer Crop shares surge by 6% on Maharashtra property sale
- If Pakistan has sympathy for Kashmiri youth, they shouldn’t provoke them to attack army camps: Mehbooba Mufti
- Dhaka cafe attack mastermind, 2 others killed in police encounter
- Rio 2016 review: What they did at home, what in Olympics
- Buzz of change in Maldives, Mohammed Nasheed flies secretly to Lanka
- Kashmir: Police constable shot dead by terrorists
Shares of agro-chemical firm Bayer CropScience today jumped 6 per cent after the company sold its property at Thane in Maharashtra for Rs 1,250 crore to Agile Real Estate.
After surging over 6 per cent during the day, shares of the company finally settled at Rs 1,294, up 5.91 per cent on the BSE. On NSE, the stock closed the day at Rs 1,293, up 6.03 per cent from its previous close.
In March 2011, Bayer CropScience had entered into a binding agreement with Agile Real Estate for the proposed sale of land and building. It had received Rs 520 crore from Agile as earnest money and advance for this exclusive deal.
Bayer CropScience yesterday said that both the partners "have accepted a sum of Rs 1,250 crore to be the full and final aggregate consideration for the sale and transfer of the said property in favour of Agile".
- Dalits are angry about the hollowness of the current hyper-nationalism
- Atal Bihari Vajpayee’s slogan of 'insaniyat, Kashmiriat' has no meaning today
- Kejriwal’s attention is fixed on winning the Centre rather than making mohallas run better
- Inside Track: Turf tussle
- In Kashmir, so-called solutions are riddled with contradictions and divisions
- Why personal, social and political self-identification of Dalits must count more than legal nomenclature.