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Bayer CropScience sells Maharashtra property for 1,250 crore

delhiNew Delhi- In a recent announcement  made by Agro-chemical firm,  Bayer CropScience said that they had sold their property for Rs. 1,250 crore to Agile Real Estate at Thane in Maharashtra.

Both the firms had entered into an agreement in March 2011 regarding the sale of the land and the building. About 520 crore were given by Agile as earnest money and advance to Bayer CropScience.

However in a report to the BSE, it was stated by Bayer CropScience that both the firms have agreed to the transaction of Rs. 1,250 crore  concerning the sale and transfer of the property on behalf of Agile.

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