Bayer Crop shares surge by 6% on Maharashtra property sale
- IPL spot-fixing case: Actor Vindoo Dara Singh arrested
- IPL 2013: Final No.5 for MS Dhoni-led Chennai Super Kings
- Pune Warriors withdraw from IPL, 'disgusted' by BCCI's attitude
- IPL spot fixing: Accused Sreesanth claims innocence
- Li Keqiang visits TCS, Cyrus P Mistry says China important for growth of Tata Group
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".
In the broader market, the BSE benchmark Sensex ended at 19,339.90, up 168.99 points.
- 'Sophisticated' Indian cyberattacks targeted Pak military sites: Report
- Talkative Li quoted Weber, Hegel, Jobs, said PM is large-hearted
- Bihar food corp ends up with chaff as rice worth Rs 535 cr vanishes from mills
- In 7 lucrative minutes on May 9, Sreesanth bowled 6 balls, bookie made Rs 2.5 cr
- India and China ask border envoys to work on more steps
- Former Ranji player among 3 more held