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Sovereign Wealth Funds Briefing - Categorized | Investment

Temasek in talks to invest in Godrej Agrovet

Posted on 22 October 2012

Temasek, an Asia-focused investment firm based in Singapore, is in talks to invest around Rs 600 crore in Godrej Agrovet Limited. The deal when complete will give Temasek an approximately 20% stake in the Mumbaibased diversified agribusiness company, said a person with direct knowledge of the ongoing negotiations.
A part of the proposed funding will be used by Godrej Agrovet to acquire new companies and intensify research and development, said another person close to the company. Godrej Agrovet is open to acquisitions both in the domestic and overseas market, he added………………………………………..Full Article: Source


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