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Neogen Chemicals is currently trading at Rs. 1595.95, up by 16.50 points or 1.04% from its previous closing of Rs. 1579.45 on the BSE.

The scrip opened at Rs. 1582.05 and has touched a high and low of Rs. 1605.80 and Rs. 1582.05 respectively. So far 304 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1731.70 on 12-Apr-2023 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. 1609.95 and Rs. 1510.00 respectively. The current market cap of the company is Rs. 3968.47 crore.

The promoters holding in the company stood at 60.19%, while Institutions and Non-Institutions held 24.13% and 15.68% respectively.

Neogen Chemicals has acquired 4,69,26,000 (100%) equity shares of a face value of Rs 10 each, of BuLi Chemicals India (BuLi Chem) from Livent USA Corporation (formerly known as FMC Lithium USA Corporation) and Livent Corporation (formerly known as FMC Lithium USA Holding Corporation) (Selling Shareholders) for an amount of Rs 19.35 crore, pursuant to the working capital adjustments on the closing date i.e. May 3 2023 (Acquisition) and the terms of the Share Purchase Agreement dated March 4, 2023 (SPA). Pursuant to the said transaction, BuLi Chem has become a wholly owned subsidiary of the company.

BuLi Chem owns 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 world, and is one of the very few commercial facilities outside of China for this chemistry.

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