Godrej Agrovet gains on making additional investment in Godrej Maxximilk
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Godrej Agrovet is currently trading at Rs. 510.60, up by 0.90 points or 0.18% from its previous closing of Rs. 509.70 on the BSE.
The scrip opened at Rs. 509.05 and has touched a high and low of Rs. 528.00 and Rs. 509.05 respectively. So far 12190 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 663.25 on 13-Oct-2021 and a 52 week low of Rs. 441.00 on 31-Mar-2022.
Last one week high and low of the scrip stood at Rs. 532.60 and Rs. 503.00 respectively. The current market cap of the company is Rs. 9865.52 crore.
The promoters holding in the company stood at 73.70%, while Institutions and Non-Institutions held 4.37% and 21.92% respectively.
Godrej Agrovet has made additional investment aggregating to Rs 20 crore in the equity share Capital of Godrej Maxximilk (GMPL), Wholly Owned Subsidiary Company, by way of subscription to Rights Issue and accordingly, has been allotted 5,88,236 equity shares of Face Value of Rs 10 each of GMPL on October 11, 2022. The object of the acquisition is to subscribe equity shares entitlement of the Company in the Rights Issue of GMPL, a Wholly-Owned Subsidiary Company.
Godrej Agrovet is a diversified, research and development focused agribusiness company with operations across five business verticals i.e. animal feed, crop protection, oil palm, dairy, and poultry and processed foods.
