Monsanto India figures out amongst the top losers on the BSE currently. The stock is currently down 7% at Rs.2117 and this is after going down to an intra day low of Rs.2059.45.

The big news is Bayer AG making an unsolicited move to acquire Monsanto. Bayer has offered about $62 billion to create the world’s biggest supplier of farm chemicals and genetically modified seeds. Bayer has offered $122 per share in an all-cash bid, which was a 20% premium to St. Louis-based Monsanto’s last close in the U.S. Bayer expects total synergies from the deal of about $1.5 billion after the third year.

Monsanto India issued an update about the offer from Bayer on the Indian exchanges and the inference one can draw is that company could be interested as it said that it is, “reviewing the proposal in consultation with its financial legal advisor.”

The Indian markets obviously do not seem to be happy with this development as the stock is in the red. Maybe the uncertainty of how this deal will place Monsanto, in terms of shareholder value is irking the markets.