Godrej Agrovet acquires remaining 25.1% stake in Godrej Maxximilk

Godrej Agrovet Limited said that Godrej Maxximilk Private Limited (GMPL) has become its fully-owned subsidiary after it acquired the remaining 25.1% stake in the latter.

The Indian animal feed and agribusiness company had acquired the stake for INR 14.99 crore by subscribing preferential issue. Godrej Agrovet has been allotted 4,41,176 equity shares at a face value of INR 10 each in Godrej Maxximilk.

Based in Nashik, Godrej Maxximilk is said to specialize in breeding and production of the highest genetic potential animal.

Godrej Agrovet acquires remaining 25.1% stake in Godrej Maxximilk. Photo courtesy of Ari Kejonen from Pixabay.