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Godrej Industries’ arm enters into definitive agreement with Temasek

18 Dec 2012 Evaluate

Godrej Industries (GIL) - subsidiary -Godrej Agrovet (GAVL) has entered into a definitive agreement with Temasek, an investment company based in Singapore to divest a 19.99% stake in GAVL for a consideration of Rs 572 crore.

The investment will be a combination of primary and secondary investment with the primary investment intended to support GAVL's future expansion plans.

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. It has substantial interests in several industries including property development, oil palm plantation, animal feeds and agro-products, poultry, personal care and household care etc., through its subsidiaries, associate companies and joint venture.

Godrej Industries Share Price

995.75 51.05 (5.40%)
23-Apr-2026 16:59 View Price Chart
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