Godrej Agrovet has acquired an additional 1.1% of the Paid up Equity Share Capital of its Joint Venture Godrej Tyson Foods, increasing its total shareholding in Godrej Tyson Foods from 49.9% to 51.0%.
The company has also acquired additional 2.16% of the Paid-up Equity Share Capital of Godrej Maxximilk, increasing its total shareholding in Godrej Maxximilk from 49.9% to 52.06%.
Consequently, Godrej Tyson Foods and Godrej Maxximilk have become subsidiaries of the company with effect from March 27, 2019.
Godrej Agrovet is a diversified, research and development focused agri-business company with operations across five business verticals i.e. animal feed, crop protection, oil palm, dairy, and poultry and processed foods.
