What happens to a smaller company when a bigger and stronger company takes it over? Well, the smaller company gets stronger. Just like MRPL did when ONGC bought out Aditya Birla Group’s stake in it in 2003 and when BSE-listed Dhanprayog Investment changed its name to Westlife Development in 2008 and McDonald’s’ west and south India franchising business was reverse merged into it. Now, it is the turn of the listed Astec LifeSciences. This small company has been acquired by the bigger, unlisted Godrej Agrovet of the Godrej group.
My Best Pick 2016
Gaurav Parikh of Jeena Scriptech Alpha Advisors articulates the changing fortunes of Astec LifeSciences
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