Temasek invests $104m in Godrej’s agribusiness unit
Temasek Holdings has paid INR5.72 billion ($104.5 million) for a 19.99% stake in Godrej Agrovet, an agribusiness subsidiary of Godrej Industries. The deal comprises primary and secondary tranches, with the former earmarked to support Godrej Agrovet’s expansion plans and the latter facilitating the exit of existing shareholders.
The company has interests that stretch from animal feed and palm oil to agri-inputs and poultry. Godrej Agrovet is the largest manufacturer of compound animal feed and related nutrition products in India,...
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