Bayer Group is present in India since 1896 and has two divisions -- crop science and pharmaceutical. It has one listed entity in India -- Bayer CropScience Ltd
Shilpa Divekar Nirula would continue to remain a non-executive director of the company
Monsanto is the global leader in GM soybean and corn apart from cotton
The stock was up 5% at Rs 2,505 on the BSE.
However, analyst see limited impact of the merger in India's seed, agro chemicals and crop science sector
Challenges merits of the decision on the ground its execs can only be probed, if the biotech major refuses to comply with CCI directions
The company reported a net profit of Rs 24.1 crore for March 2016 quarter compared to a loss of Rs 8.3 crore March 2015 quarter