Godrej Agrovet Limited (BSE:540743) executed a share purchase agreement to acquire remaining 25.1% stake in Godrej Maxximilk Private Limited from Saar Yavin and Adaya Aroyo for approximately INR 100 million on June 15, 2021. The consideration will be paid in cash. Godrej Agrovet will acquire approximately 2.96 million equity shares of Godrej Maxximilk, i.e., 25.10% of the equity share capital of Godrej Maxximilk from the sellers and other incidental matters, thereby making Godrej Maxximilk a wholly owned subsidiary of Godrej Agrovet. For the year ended March 31, 2021, Godrej Maxximilk had turnover of INR 89.059 million. The transaction is expected to close on or before June 30, 2021.
Godrej Agrovet Limited (BSE:540743) completed the acquisition of remaining 25.1% stake in Godrej Maxximilk Private Limited from Saar Yavin and Adaya Aroyo on June 21, 2021.