In yesterday’s Godrej Agrovet concall , which was attended by Anurag Roy of Astec (looks like promoters are going back to not having separate concall for Astec but covering it in Godrej Agrovet concall), Mr. Balram Yadav has categorically clarified that Astec would continue to remain independent company and possibility of merger with Godrej Agrovet is off the table. He said that they have hired third party consultant who have advised them to keep Astec separate in view of confidentiality concerns of innovator customers in CDMO business.
So finally this monkey off the back… one of the biggest risk for this stock gone away…
disclosure : invested for last 5 years. Transactions in last 30 days. part of my core PF
| Subscribe To Our Free Newsletter |
