Godrej Agrovet’s open offer to the shareholders of Astec Lifesciences begins on Tuesday. Godrej Agrovet, the agri-business unit of Godrej Industries, plans to acquire upto 50.67 lakh equity shares of Astec Lifesciences at ₹246.60 a share. The offer will remain open till December 8. A little over 12,000 retail investors own 17.38 per cent stake in Astec Lifesciences, while 43 high net worth individuals control 15.07 per cent stake in the company.

Published on November 23, 2015