Best Agrolife receives patent for invention of Synergistic Herbicidal Composition; Stock shoots up 7%

25 Feb 2022 , 01:42 PM

Best Agrolife Limited has been granted a patent by the Indian Patent Office-Government of India for an invention entitled “A Synergistic Herbicidal Composition comprising Imidazolinone Sulfonylurea and Aryloxyphenoxy Propionate Herbicide” for the term of 20 years commencing from May 29, 2020, in accordance with the provisions of the Patents Act, 1970.

The said patent aims to cover the herbicidal Composition of Haloxyfop + Imazethapyr + chlorimuron which is a very prominent one-shot solution to control narrow as well as broadleafweeds in Soyabean and many other crops.

“There was a portfolio gap in this segment in our industry for such an important crop like soyabean. This product will play a very important role to fill that gap,” company said in a filing on Friday.

At around 1.45 pm, Best Agrolife Limited was trading at Rs853.65 per piece up Rs56.40 or 7.07% on the BSE.