Monsanto Holdings, one of the promoters of Monsanto India, today hiked its stake in the agrochemicals firm by a further 6.66 per cent through open market transactions valued at Rs 95.56 crore.
As per the bulk deal data available with the Bombay Stock Exchange (BSE) today, Monsanto Holdings purchased 5.75 lakh shares of Monsanto India at Rs 1,662 apiece, aggregating to Rs 95.56 crore. In the open market transaction, Monsanto Holdings bought these shares from Bretco Holdings Mauritius--another promoter firm.
As per the March quarter shareholding data available with the BSE, Monsanto Holdings had a 42.49 per cent stake in Monsanto India. After the latest deal, its stake will increase to 49.15 per cent.
Bretco Holdings Mauritius sold 5.75 lakh shares at the same price, as per the BSE data. Besides, domestic fund house Reliance Mutual Fund today also sold its 85,000 shares in Monsanto India at a price of Rs 1,725 per piece, aggregating to Rs 14.66 crore.
Shares of Monsanto India today closed at Rs 1,700.05, up 2.31 per cent on the BSE.
