The Rs 3,000-crore Godrej group's attempts to offload a part of its holdings in its animal feeds company, Godrej Agrovet, to South African foods major Tiger Oats has run into rough weather.
The talks between the two companies have broken down due to differences over pricing, according to sources.
Earlier, Godrej had contemplated offloading almost 49 per cent of the equity in the Rs 270-crore Godrej Agrovet in favour of African foods major Tiger Oats. Were the deal to be struck, it would have resulted in much-needed fund flow of over Rs 100 crore for Godrej Agrovet.
The company had even awarded the mandate for scouting the strategic partner to Lazard Credit Capital. The South African company was expected to bring in new t