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Godrej industries acquires additional of 2.08% stake in Godrej Agrovet

23 May 2022 Evaluate

Godrej industries has made further investment of 2.08% in Godrej Agrovet, its subsidiary on May 20, 2022. Consequently, the company now holds 64.55% of the total paid up Equity Share capital of Godrej Agrovet. The company has made further investment in its subsidiary as a strategic investment.

This further acquisition of Equity Shares of Godrej Agrovet is done by company in open market as a block deal at a price of Rs 492.60 per share, aggregating to Rs 197.04 crore. The company has acquired 40 lakh fully paid up equity shares of face value of Rs 10 each of Godrej Agrovet.

Godrej industries a part of Godrej group, is India's leading manufacturer of oleochemicals and makes more than a hundred chemicals for use in over two dozen industries.

Peers
Company Name CMP
Godrej Industries 1046.30
SRF 2467.00
BASF India 3478.30
Pidilite Inds. 1519.75
Tata Chemicals 616.60
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