Godrej Agrovet May Offer IPO Soon: Reports

Industrialist Adi Godrej has said that the company may soon offer an initial public offering (IPO) of its agri-business subsidiary Godrej Agrovet to cash in on India's obsession for milk.

Godrej Agrovet May Offer IPO Soon: Reports
Recently in an interview, group Chairman Godrej had said that Temasek Holdings-backed Godrej Godrej Agrovet may be listed in the future.

Agrovet Limited is a diversified, research & development agri-business company, which is a leading market player in the different businesses in which they operate - animal feed, oil palm plantations, agri inputs, hybrid seeds, dairy and processed poultry.

As per reports, the company, if listed, will also profit from the stock of Temasek as the company holds 20 per cent stake in the Agrovet. Another stock to receive good response would be Godrej Industries as Agrovet contributes as much as 20 per cent to its enterprise value.

As per reports, Godrej Agrovet will contest with Parag Milk Foods, which recently launched an IPO to raise Rs 300 crore.

Read more about: godrej, agrovet
Story first published: Friday, July 22, 2016, 23:00 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?