Best Agrolife Ltd approves preferential issue at Rs. 630 per share

The Board of Directors of Best Agrolife Ltd in its meeting held today i.e. Friday, 0ctober 08, 2021 have considered and approved the allotment of 16,12,674 (Sixteen Lakh Twelve Thousand Six Hundred Seventy Four) Equity Shares of face value of INR 10.00/- each at an issue price of INR 630.00/- (Six Hundred Thirty) per share, including premium of INR 620.00/- [Six Hundred Twenty) per share, on Preferential basis for consideration other than cash to the shareholders of Best Crop Science Pvt. Ltd. for acquisition of 100% stake of Best Crop Science Pvt. Ltd.

Ms. Astha Wahi, CS & Compliance officer and/or any Director of the Company have been authorized by the board to execute share transfer deed and to perform other formalities for acquiring shares of Best Crop Science Private Limited and filing of necessary e-forms, submission of disclosures and returns under the applicable and to do all such act and deed as necessary to give effect to the allotment ofshares.

Shares of Best Agrolife Limited was last trading in BSE at Rs. 984.20 as compared to the previous close of Rs. 821.25. The total number of shares traded during the day was 70868 in over 4006 trades.

The stock hit an intraday high of Rs. 985.50 and intraday low of 835.00. The net turnover during the day was Rs. 68196015.00.

Source : Equity Bulls

Keywords

BestAgrolifeLimited INE052T01013 BESTAGRO Agrochemicals PreferentialIssue Acquisition BestCropScience