Godrej Agrovet Ltd News

Godrej Agrovet, Provivi partner to launch eco-friendly pest control

Agribusiness firm Godrej Agrovet (GAVL) on Monday said it has formed a strategic partnership with US-based Provivi to introduce sustainable pheromone-based pest control solutions for India's rice and corn farmers. Under the agreement, GAVL will distribute Provivi's YSB Eco-Dispenser for controlling yellow stem borer in rice crops. The company has also secured exclusive commercialisation rights in India for the FAW Eco-Dispenser, which targets fall armyworm in corn. "With changing climatic conditions leading to increased pest challenges, it's more important than ever to empower Indian farmers with innovative, sustainable technologies," GAVL Managing Director Balram Singh Yadav said in a statement. The biodegradable pest control products are expected to be available to Indian farmers by 2029, the companies said. India, a major global rice exporter and significant corn producer, faces ongoing challenges from crop-damaging pests that increase production costs for farmers. "This ...

Temasek's arm cuts off 1.4% stake in Godrej Agrovet for over Rs 212 cr

V-Sciences Investments, an arm of Temasek Holdings, on Friday divested a 1.4 per cent stake in Godrej Agrovet for more than Rs 212 crore through an open market transaction. Temasek Holdings is a state-owned multinational investment firm in Singapore. As of March 31, 2024, the investment company held an SGD 389 billion of portfolio value. According to the bulk deal data available on the National Stock Exchange (NSE), V-Sciences Investments offloaded 27.10 lakh shares, or 1.41 per cent stake, in Godrej Agrovet. The shares were disposed of at an average price of Rs 785.13 apiece, taking the deal value to Rs 212.77 crore. After the stake sale, V-Sciences Investments' holding in Godrej Agrovet has declined to 6.36 per cent from 7.77 per cent. Details of buyers of Godrej Agrovet's shares could not be identified. In May 2022, Temasek trimmed its stake by selling 40 lakh shares of agri firm Godrej Agrovet for Rs 197 crore. Prior to that, the Singaporean global investment company in Febru

Godrej Agrovet signs pact to acquire Tyson's stake in Godrej Tyson Foods

Increases its stake from 51 per cent to 100 per cent

Godrej Agrovet Q1 results: PAT up 28.3% at Rs 135 cr, total revenue falls

Godrej Agrovet's total revenue from operations fell 6.4 per cent to Rs 2,351 crore while total expenses fell nearly 8 per cent, led by a fall in the cost of materials consumed

Apex Frozen, Waterbase, Avanti Feeds soar up to 20% on THIS Budget proposal

Finance Minister Nirmala Sitharaman announced a proposal to provide finance for shrimp farming and marketing in Budget 2024-25