Godrej Agrovet IPO to raise up to â¹1200 crore gets SEBI nod
Godrej Industries' agribusiness arm Godrej Agrovet has received SEBI's nod to raise an estimated â¹1,000-â¹1,200 crore through an Initial Public Offering (IPO). Proceeds of the IPO will be utilised towards repayment of loans and for other general corporate purposes. Earlier, Godrej Industries had announced that its board "has decided to participate in the IPO of equity shares by Godrej Agrovet".