BAYER CROPSCIENCE LTD. - Updates

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BAYER CROPSCIENCE LTD. - Updates

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31 May 2014
Bayer CropScience Ltd has informed BSE that :<br/><br/>"The Company, vide its letter dated September 13, 2013, had informed the stock exchange that pursuant to approval of the Board at its meeting held on July 30, 2013, the Company had entered into a Business Transfer Agreement with Deccan Fine Chemicals (India) Private Limited, Hyderabad, to sell, convey, assign and transfer the Chemical manufacturing facility located at GIDC Industrial Estate, Ankleshwar, Gujarat, as a going concern on slump sale basis, subject to due and satisfactory fulfilment of conditions precedent, and receipt of such government approvals/permissions, as may be required.<br/><br/>Further, the Company, vide its letter dated September 30, 2013, had also informed the Stock Exchange that pursuant to approval of the Board at its meeting held on July 30, 2013, the Company had entered into Asset Transfer Agreement with Bayer MaterialScience Private Limited to sell and transfer all the assets related to the Poly-isocynate Unit located at GIDC Industrial Estate, Ankleshwar, Gujarat subject to receipt of such approvals and permissions as may be required for such transfer.<br/><br/>The Company has received all the necessary approvals and permission for giving effect to the aforesaid Business Transfer Agreement with Deccan Fine Chemicals (India) Private Limited, and the Asset Transfer Agreement with Bayer MaterialScience Private Limited, and accordingly the transactions will be concluded at the close of business hours of May 31, 2014."
View all announcements for BAYER CROPSCIENCE LTD.	Source: BSE India

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