Temasek picks up 20 pc in Godrej for Rs 572 crore

Godrej Agrovet (GAVL), a subsidiary of Godrej Industries, on Monday announced that Singapore based investment company Temasek will acquire 19.99 per cent stake for Rs 572 crore.

The investment will be a combination of primary and secondary investment intended to support GAVL’s future expansion plans,  said in an official release. HSBC acted as the advisor to the transaction.

GAVL is engaged in manufacturing agriculture and poultry based products. The company operates in 4 business areas-Agri Input, Animal Feed, Oil Palm & Plant Biotech and Godrej Tyson Foods.

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