Monday , 29 November 2021
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Best Agrolife gains on getting nod to acquire plant for Rs 10.22 crore

Best Agrolife gains on getting nod to acquire plant for Rs 10.22 crore

Best Agrolife is currently trading at Rs. 1285.00, up by 7.60 points or 0.59% from its previous closing of Rs. 1277.40 on the BSE.

The scrip opened at Rs. 1307.40 and has touched a high and low of Rs. 1307.40 and Rs. 1261.00 respectively. So far 463 shares were traded on the counter.

Agrolife

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1399.70 on 04-Nov-2021 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. 1398.00 and Rs. 1261.00 respectively. The current market cap of the company is Rs. 3014.70 crore.

The promoters holding in the company stood at 40.78%, while Institutions and Non-Institutions held 11.78% and 47.44% respectively.

Best Agrolife’s board has approved purchase of immovable property (land including building), plant and machinery and stock owned by Agrico Chemicals for a total consideration of Rs 10.22 crore. This acquisition will increase the company’s revenue by Rs 150 crore. This unit will lead to an addition of formulation capacity by 8,000 kilo litre/tonnes per annum. The acquisition will be completed by December. With the acquisition of this plant, the company will have four plants in Uttar Pradesh and J&K.