Bayer Makes Open Offer to Buy 26% in Monsanto India
Bayer AG, along with its Indian arm Bayer CropScience, has proposed to acquire 26% additional stake in Monsanto India, by acquiring up to 44,88,315 shares worth Rs. 1,300-crore of Monsanto India, the company in a statement. It has fixed the open offer price at Rs. 2,926.87 per share and the maximum size of the open offer will be for Rs. 1,314 crore, it added.
The open offer, which was triggered as the Bayer group completed the $63-bn deal to acquire Monsanto on June 7, will start on July 27. As part of the global deal, Bayer Group indirectly acquired 72.14% stake in Monsanto India.
Both the listed Indian units, Bayer CropScience and Monsanto India, will continue to operate independently for the time being, said Bayer in a statement earlier.
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2026-10-01
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