Godrej Industries’ subsidiary - Godrej Agrovet has filed a Draft Red Herring Prospectus dated July 18, 2017 with Securities and Exchange Board of India (SEBI) on July 19, 2017 in order to undertake an initial public offering of equity shares of face value of Rs 10 each.
The issue consists of fresh issue of the equity shares aggregating up to Rs 300 crore and an offer for sale of such number of equity shares by Godrej Industries aggregating up to Rs300 crore and up to 12,300,000 equity shares by V-Sciences Investments.
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.