Bayer AG has significantly increased its ownership in Bayer CropScience Ltd, purchasing an additional 11.9% stake in the Indian agrochemical company.

The transaction, executed on Wednesday, involved the acquisition of 5,354,030 shares at an average price of ₹4,122.30 per share, bringing the total deal value to ₹2,207.09 crore.

The transaction was reported by Hindu Businessline, citing market data from the execution date.

This move raises Bayer AG's total holding in the subsidiary to 20.34%, up from 8.43% previously.

The share purchase represents a notable consolidation of the German multinational's position in India's agricultural sector.

By increasing its direct equity stake, Bayer AG is strengthening its control over Bayer CropScience Ltd, a key entity in its global agrochemical portfolio.

The transaction was reported by Hindu Businessline, citing market data from the execution date.