Godrej Industries has purchased an additional 2.87% stake in its subsidiary Godrej Agrovet (GAL), taking total shareholding to 63.68% in the arm.
Godrej Industries is part of the Godrej group, one of the leading business groups in India and is in the businesses of Oleo-chemicals, surfactants, finance & investments and estate management. The company has reported 15.17% fall in its consolidated net profit at Rs 89.95 crore for the quarter ended December 31, 2016, as compared to Rs 106.03 crore for the same quarter in the previous year.