/ Godrej Industries Raise Rs.400 cr By Godrej Agrovet IPO – IPO Alert ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Thursday, 29 June 2017

Godrej Industries Ltd proposes to sell shares of a company Godrej Agrovet raise by Rs.400 Cr through the (IPO) initial public offering.

It is involved in the Agri-inputs, dairy and poultry, animal feeds and palm oil manufacturing.
Godrej Industries is the parent company of Godrej Agrovet. Godrej & Boyce manufacturing Company Ltd it holds 2.86% on March 31,2016 and its a leading news agency. It owns 60.8% in Agrovet.

The board of Godrej Industries has decided they will participate in the IPO of the equity shares by the Godrej Agrovet Ltd. They sell shares of Rs.400 Cr through the offer and this was mentioned in a BSE filling.

The board has considered and it finalizes the terms and conditions for participating in that offer and they authorized the management committee.

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