Madhuri Madhusudan Kela, the wife of ace investor Madhusudan Kela, purchased stakes in ethanol manufacturing company whose IPO had come recently. She bought over 5,00,000 equity shares of Godavari Biorefineries Limited at Rs 335.66 per share.
The last trading price of Godavari Biorefineries Limited as of November 04 stands at Rs 349.90 per share. The scrip opened at Rs 353.05 per share, against the previous day close at Rs 355.95 per share.
Godavari Biorefineries Limited is one of the largest producers of ethanol and a pioneer in manufacturing ethanol-based chemicals in India. Its diversified product portfolio comprises bio-based chemicals, sugar, rectified spirits, ethanol, other grades of alcohol and power.