Best Agrolife surges on getting nod to acquire Best Crop Science LLP

01 Jun 2021 Evaluate

Best Agrolife is currently trading at Rs. 289.60, up by 10.80 points or 3.87% from its previous closing of Rs. 278.80 on the BSE.

The scrip opened at Rs. 286.85 and has touched a high and low of Rs. 292.55 and Rs. 283.55 respectively. So far 2544 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 837.55 on 18-Aug-2020 and a 52 week low of Rs. 203.00 on 19-May-2021.

Last one week high and low of the scrip stood at Rs. 294.00 and Rs. 270.85 respectively. The current market cap of the company is Rs. 643.45 crore.

The promoters holding in the company stood at 40.78%, while Institutions and Non-Institutions held 10.41% and 48.81% respectively.

Best Agrolife’s board has approved the proposal to acquire Best Crop Science LLP (after its conversion into Private Limited Company), for backward integration in the form of technical manufacturing of insecticides, herbicides, Fungicides & PGRs. Best Crop Science LLP has emerged as a significant supplier of crop protection products. It is an ISO 9001:2000 certified and is having an annual turnover of Rs 350 crore (as per provisional Balance sheet dated March 31, 2021) and currently operating a large modern manufacturing and technical unit which is an integrated state of art plant designed to produce various technical grade pesticides. The Board of Directors of the Company in its Meeting held on May 31, 2021 has approved the same.

Best Agrolife engaged in business of trading of all kinds of plastic & chemicals raw material and products.

Best Agrolife Share Price

275.85 -5.60 (-1.99%)
18-Mar-2025 16:59 View Price Chart
Peers
Company Name CMP
UPL 635.25
BASF India 4545.50
PI Industries 3418.20
Bayer CropScience 4869.90
Sumitomo Chemical 489.30
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