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Neogen Chemicals is currently trading at Rs. 1366.20, up by 76.65 points or 5.94% from its previous closing of Rs. 1289.55 on the BSE.

The scrip opened at Rs. 1315.40 and has touched a high and low of Rs. 1366.60 and Rs. 1315.40 respectively. So far 1111 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1792.00 on 01-Apr-2022 and a 52 week low of Rs. 1127.70 on 07-Feb-2023.

Last one week high and low of the scrip stood at Rs. 1366.20 and Rs. 1232.05 respectively. The current market cap of the company is Rs. 3389.25 crore.

The promoters holding in the company stood at 60.19%, while Institutions and Non-Institutions held 22.87% and 16.94% respectively.

Neogen Chemicals has entered into a definitive agreement with Livent Corporation to acquire 100% stake in BuLi Chemicals India (BuLi Chem) from Livent. BuLi Chem owns the technology to manufacture N Butyl Lithium and other organolithium products using lithium metal, which are key reagents for lithiation reaction used in manufacturing of several complex pharmaceutical and agrochemical intermediates. BuLi Chem manufactures and supplies N Butyl Lithium to several leading pharma and agrochemical companies in India and across the world, and is built one of the very few commercial facilities outside of China for this chemistry.

This acquisition will boost Neogen’s portfolio by offering organolithium derivatives to existing pharma and agrochemical industries and further enhance its advanced intermediates & CSM manufacturing business. More importantly, Neogen will significantly gain from BuLi Chem’s established & proven technology expertise for handling lithium metal & organolithium derivatives. Overall, it will unlock deep synergies by complementing the current portfolio.

Neogen Chemicals is one of India’s leading manufacturers of bromine-based, and lithium-based, specialty chemicals.