Cyril Amarchand Mangaldas has advised Astec LifeSciences, a subsidiary of Godrej Agrovet, on a ₹238.2 crore rights issue of equity shares.

The transaction team was led by Yash J. Ashar (Senior Partner) Devaki Mankad (Partner, Regional Co-Head - Capital Markets – West), and Abhyuday Bhotika (Partner), with support from Veena Raghav (Senior Associate Designate), Anna Kallivayalil (Associate) and Mahima Aggarwal (Associate).

Godrej Astec LifeSciences is a prominent player in the agrochemical and pharmaceutical industries. Their operations encompass the manufacturing and distribution of a wide array of agrochemical active ingredients and pharmaceutical intermediates. Key products include Triazole Fungicides, Herbicides, and Insecticides. The company boasts an impressive infrastructure with 9 manufacturing units and over 150 reactors

If you would like your Deals, Columns, Press Releases to be published on Bar & Bench, please fill in the form available here.