Neogen Chemicals soars on inking settlement agreement with Neogen Corporation for trademark dispute

Neogen Chemicals is currently trading at Rs. 1318.60, up by 14.15 points or 1.08% from its previous closing of Rs. 1304.45 on the BSE.

Neogen Chemicals
Neogen Chemicals

The scrip opened at Rs. 1318.20 and has touched a high and low of Rs. 1361.15 and Rs. 1313.00 respectively. So far 1345 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1933.70 on 04-Jan-2022 and a 52 week low of Rs. 820.00 on 24-Jun-2021.

Last one week high and low of the scrip stood at Rs. 1361.15 and Rs. 1269.05 respectively. The current market cap of the company is Rs. 3296.98 crore.

The promoters holding in the company stood at 60.19%, while Institutions and Non-Institutions held 23.00% and 16.81% respectively.

Neogen Chemicals has signed and executed a settlement agreement with Neogen Corporation to amicably settle the ongoing dispute relating to the trademark ‘Neogen’.

As a part of settlement, the parties have agreed to co-exist without confusion with respect to the use of their respective ‘Neogen’ marks, and subject to the terms of the agreement.

Neogen Chemicals is one of India’s leading manufacturers of bromine-based, and lithium-based, specialty chemicals.

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