India: Godrej Agrovet looking at $1.27b valuation in IPO

India: Godrej Agrovet looking at $1.27b valuation in IPO

Photo: Godrej Agrovet website

About 50 Godrej group employees have bought shares worth around $1.5 million (Rs8.5 crore) in a so-called pre-initial public offering (IPO) round of Godrej Agrovet Ltd, two people aware of the development said. The pre-IPO round saw employees from various group firms including Godrej Consumer Products Ltd, Godrej Properties Ltd, Nature’s Basket, Godrej Tyson Foods and Godrej and Boyce Manufacturing Co. Ltd, the people cited above said.

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