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Neogen Chemicals Ltd. ( (IN:NEOGEN) ) has shared an update.
Neogen Chemicals Ltd. has announced an inter-se transfer of shares among its promoters, which does not alter the aggregate holding of the promoter group. This transaction involves the acquisition of 29,12,941 equity shares, constituting 11.04% of the company’s paid-up equity capital, by Beena Haridas Kanani from Haridas Thakarshi Kanani as a gift through an off-market transaction. The move is exempt under SEBI’s Takeover Regulations, indicating no significant impact on the company’s operations or market positioning.
More about Neogen Chemicals Ltd.
Neogen Chemicals Ltd. operates in the chemical industry, focusing on the production and sale of specialty chemicals. The company primarily deals with organic and inorganic chemicals, catering to various sectors including pharmaceuticals, agrochemicals, and engineering.
YTD Price Performance: -31.17%
Average Trading Volume: 3,473
Current Market Cap: 40.15B INR
For a thorough assessment of NEOGEN stock, go to TipRanks’ Stock Analysis page.