Godrej Agrovet Limited cancelled the acquisition of remaining 42.61% stake in Astec LifeSciences Limited.
Godrej Agrovet Limited (BSE:540743) cancelled the acquisition of remaining 42.61% stake in Astec LifeSciences Limited (NSEI:ASTEC) on May 6, 2019. Astec LifeSciences and Godrej Agrovet Limited held its Board meeting and reviewed the proposal and decided not to pursue the scheme further at this time, on the basis of its interaction with multiple stakeholders across Astec LifeSciences and Godrej Agrovet Limited.