Godrej Agrovet Acquires Full Stake in GTFL
Godrej Agrovet Acquires Full Stake in GTFL
Godrej Agrovet Acquires Full Stake in GTFL
News summary

Godrej Agrovet Limited (GAVL) has signed an agreement to acquire Tyson India Holdings' 49% stake in Godrej Tyson Foods Ltd (GTFL), thus consolidating its ownership to 100%. This strategic move follows a joint venture initiated in 2008 focused on processed poultry and vegetarian products. GAVL aims to leverage its partnership with Tyson Foods to enhance its poultry processing capabilities and modernize product distribution. Managing Director Balram Singh Yadav highlighted the low household penetration of frozen snacks in India, indicating significant growth potential. GTFL markets products under the brands 'Real Good Chicken' and 'Yummiez' and supplies processed chicken to prominent hotel chains and quick service restaurants. The company operates in over 35 cities in India and has begun exporting its products internationally.

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