Godrej Agrovet makes additional investment of Rs15cr in Godrej Maxximilk; Stock trades flat

The company has allotted 4,41,176 equity shares of the face value of Rs10 each of GMPL on June 24, 2021, on a preferential basis.

Jun 25, 2021 11:06 IST India Infoline News Service

Godrej Agrovet
Godrej Agrovet Limited has made additional investment aggregating to Rs14.99cr in the Equity Share Capital of Godrej Maxximilk Private Limited (GMPL), by way of subscription to preferential issue and accordingly, has been allotted 4,41,176 equity shares of the face value of Rs10/- each of GMPL on June 24, 2021.

The company had informed on June 22, 2021, that the company has acquired additional 25.10% of the paid-up equity share capital of GMPL subsidiary company, from the existing equity shareholders, thereby increasing its total shareholding in GMPL from 74.90% to 100%.

Consequent to the aforementioned acquisition, GMPL became wholly-owned subsidiary of Godrej Agrovet Limited with effect from June 21, 2021.

At around 11.20 AM, Godrej Agrovet Ltd was trading at Rs618.10 per piece up by Rs1.55 or 0.25% from its previous closing of Rs616.55 per piece on the BSE.

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