Godrej Agrovet makes additional investment of Rs25 crore Godrej Maxxmilk

24 Mar 2022 , 03:00 PM

Godrej Agrovet Limited has made additional investment aggregating to Rs25 crore in the Equity Share Capital of Godrej Maxxmilk Private Limited (GMPL), wholly owned Subsidiary Company, by way of subscription to Rights Issue and accordingly, has been allotted 7,35,295 Equity Shares of Face Value of Rs10/- each of GMPL on March 22, 2022.

The Company is engaged in Agri-business and its principal business activities includes, to carry on in India and abroad the business of acquiring, breeding, rearing, reproduction, raising, selling and marketing of cattle, technological work related to cattle, research for cattle and dairy farming including developing high breed cattle.

The object of the acquisition is to subscribe to Equity Shares entitlement of the Company in the Rights Issue of GMPL, a wholly-owned subsidiary Company.

At around 3.02 pm, Godrej Agrovet Ltd was trading at Rs460.40 per share up by Rs1.2 or 0.26% from its previous closing of Rs459.20 per share on the BSE.