Godrej Agrovet

Godrej Agrovet was witnessing higher than usual trading volumes as 3.88 lakh shares changed hands on the BSE compared.

Vedanta, Hindalco, Cipla, Bharti Airtel were among the lead gainers in Nifty, rising between 1-2.5 per cent.

Godrej Agrovet share price jumped as much as 37 per cent to Rs 630 compared to its issue price of Rs 460.

Till yesterday, the IPO was oversubscribed 2.33 times.

Godrej Agrovet IPO consists of offer for sale of Rs 866 crore and a fresh issue of Rs 292 crore.

Godrej Industries owns 60.81 per cent in Godrej Agrovet, which is an agri-business company with operations across five verticals - animal feed, crop protection, oil palm, dairy, and poultry and processed foods.

The animal-feed producer is selling new shares worth up to Rs 292 crore in the IPO.

Godrej Group would look at listing animal feed and agri-business company Godrej Agrovet, though no timeframe has been proposed for the exercise.

Godrej Agrovet on Monday said it has raised its stake in Creamline Dairy Products for Rs 150 crore, thus acquiring a controlling stake in the dairy firm.

Promoters of agro-chemicals and drug intermediates Astec Lifesciences will sell 45.29 per cent stake in the company to Godrej Agrovet Ltd (GAVL) that could entail a consideration of Rs 167.41 crore.

Godrej Industries today posted a consolidated net profit of Rs 179.44 crore for the third quarter ended December 31, 2012, driven by robust growth in its agri-business segment.

Godrej Industries said on Monday Singapore's Temasek will buy 20 percent stake in the former's agriculture business unit for Rs 572 crore to fund the unit's expansion plans.

Godrej Industries said on Monday that Singapore's Temasek will buy 20 per cent stake in the former's agriculture business unit for Rs 572 crore rupees to fund the unit's expansion plans.

A 39.34 per cent rise in the company's consolidated net profit was driven by robust growth across all business segments.

Godrej Agrovet was witnessing higher than usual trading volumes as 3.88 lakh shares changed hands on the BSE compared.

Vedanta, Hindalco, Cipla, Bharti Airtel were among the lead gainers in Nifty, rising between 1-2.5 per cent.

Godrej Agrovet share price jumped as much as 37 per cent to Rs 630 compared to its issue price of Rs 460.

Till yesterday, the IPO was oversubscribed 2.33 times.

Godrej Agrovet IPO consists of offer for sale of Rs 866 crore and a fresh issue of Rs 292 crore.

Godrej Industries owns 60.81 per cent in Godrej Agrovet, which is an agri-business company with operations across five verticals - animal feed, crop protection, oil palm, dairy, and poultry and processed foods.

The animal-feed producer is selling new shares worth up to Rs 292 crore in the IPO.

Godrej Group would look at listing animal feed and agri-business company Godrej Agrovet, though no timeframe has been proposed for the exercise.

Godrej Agrovet on Monday said it has raised its stake in Creamline Dairy Products for Rs 150 crore, thus acquiring a controlling stake in the dairy firm.

Promoters of agro-chemicals and drug intermediates Astec Lifesciences will sell 45.29 per cent stake in the company to Godrej Agrovet Ltd (GAVL) that could entail a consideration of Rs 167.41 crore.

Godrej Industries today posted a consolidated net profit of Rs 179.44 crore for the third quarter ended December 31, 2012, driven by robust growth in its agri-business segment.

Godrej Industries said on Monday Singapore's Temasek will buy 20 percent stake in the former's agriculture business unit for Rs 572 crore to fund the unit's expansion plans.

Godrej Industries said on Monday that Singapore's Temasek will buy 20 per cent stake in the former's agriculture business unit for Rs 572 crore rupees to fund the unit's expansion plans.

A 39.34 per cent rise in the company's consolidated net profit was driven by robust growth across all business segments.