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Godrej Industries raises stake in subsidiary

LiveMint logoLiveMint 27-03-2017 PTI

New Delhi: Godrej Industries on Monday said it has purchased an additional 2.87% stake in its subsidiary Godrej Agrovet Ltd (GAL), taking total shareholding to 63.68% in the arm.

Godrej Industries in a filing to the BSE said, “The company has increased its stake in Godrej Agrovet Ltd from 60.81% to 63.68%.”

GAL is in various agri-businesses like animal feed, oil palm plantations, agri inputs, dairy and processed poultry. Its revenue was Rs4,351 crore in 2015-16.

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