Bayer AG to acquire 11.91% stake in Bayer CropScience from promoter

Bayer AG, a promoter of Bayer CropScience Limited, has agreed to acquire up to 53,54,030 equity shares from Bayer CropScience AG, another promoter. This inter-se transfer among promoters is to be executed via a block deal mechanism. The acquisition represents up to 11.91% of the target company's paid-up equity share capital. The transaction is scheduled for on or after July 08, 2026. Bayer AG is exempted from making an open offer as per Regulation 10(1)(a)(ii) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as both entities are promoters for over three years. The acquisition price will not exceed the limits provided under the regulations, and is confirmed not to be more than 25% above the volume-weighted average market price of ₹4,434 per share.