 "Godrej Agrovet bets on Astec, innovation to improve topline")
The initial public offering (IPO) of Mumbai-based Godrej Agrovet will open on October 4. The company has fixed the price band at Rs 450-460 a share.
On Tuesday, the Temasek-backed company said it aimed to raise up to Rs 1,157 crore by selling 25.2 million shares.
This will include a fresh issue of Rs 292 crore and an offer for sale of Rs 865 crore. Godrej Industries, the parent which owns 63.67 per cent in Godrej Agrovet, will sell shares worth Rs 300 crore in the IPO. Private equity major V-Sciences Investment, investment arm of Temasek, will offload shares worth Rs 565
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