Godrej Agrovet shines on getting nod to raise Rs 50 crore through NCDs

Godrej Agrovet is currently trading at Rs. 462.00, up by 12.20 points or 2.71% from its previous closing of Rs. 449.80 on the BSE.

The scrip opened at Rs. 468.00 and has touched a high and low of Rs. 468.00 and Rs. 453.10 respectively. So far 15638 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 592.80 on 28-Apr-2022 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. 468.00 and Rs. 443.50 respectively. The current market cap of the company is Rs. 8643.40 crore.

The promoters holding in the company stood at 74.07%, while Institutions and Non-Institutions held 14.92% and 11.01% respectively.

Godrej Agrovet has received approval from Board of Directors to raise Rs 50 crore through issuance of Non-Convertible Debentures (NCD) for expansion and development of business operations of the Company and meeting the short term and long-term financial requirements of the Company. The Board of Directors of the Company, at its Meeting held February 8, 2023 has approved the same.

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.