Godrej Agrovet has bought a 45.29% stake in agrochemicals company Astec LifeSciences. According to reports, the transaction is valued at around Rs.212 crore..Astec was advised by a team from J Sagar Associates comprising Partner Vikram Raghani; Senior Associates Anand Lakra and Birbahadur Sachar; and Consultant Avinash Jethwani..Godrej Agrovet was represented by a team from Trilegal headed by Partner Kunal Chandra..The promoters’ stake has been acquired at Rs.190 per share and it has cost Godrej Agrovet Rs.167 crore..Pursuant to the transaction, Godrej Agrovet Limited has made an open offer under the Takeover Regulations to the public shareholders of Astec. In case the open offer is fully subscribed, Godrej Agrovet will spend additional Rs.125 crore to comply with the SEBI guidelines..Image taken from here.
Godrej Agrovet has bought a 45.29% stake in agrochemicals company Astec LifeSciences. According to reports, the transaction is valued at around Rs.212 crore..Astec was advised by a team from J Sagar Associates comprising Partner Vikram Raghani; Senior Associates Anand Lakra and Birbahadur Sachar; and Consultant Avinash Jethwani..Godrej Agrovet was represented by a team from Trilegal headed by Partner Kunal Chandra..The promoters’ stake has been acquired at Rs.190 per share and it has cost Godrej Agrovet Rs.167 crore..Pursuant to the transaction, Godrej Agrovet Limited has made an open offer under the Takeover Regulations to the public shareholders of Astec. In case the open offer is fully subscribed, Godrej Agrovet will spend additional Rs.125 crore to comply with the SEBI guidelines..Image taken from here.
