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JSA, Trilegal on Astec LifeSciences stake sale to Godrej Agrovet

J Sagar Associates (JSA) advised the promoters of Astec LifeSciences on selling 45 per cent of their stake in it to Godrej Agrovet which was advised by Trilegal.

JSA Mumbai partner Vikram Raghani, senior associates Anand Lakra and Birbahadur Sachar and consultant Avinash Jethwani acted for Astec.

Trilegal Mumbai partner Kunal Chandra acted for Godrej.

Godrej Agrovet has made an open offer to Astec’s public shareholders, under the Takeover Regulations, pursuant to this deal, according to JSA’s press release.

Godrej Agrovet, which is backed by Temasek, will buy 45.29 per cent stake in Astec from its promoters for Rs 167 crore ($25m), reported VC Circle.

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