MUMBAI, INDIA — Tyson Foods Inc. sold its 49% stake in the joint venture Godrej Tyson Foods.

Tyson first entered the joint venture in 2008, when it formed the business alongside Indian company Godrej Agrovet to manufacture and market processed poultry and vegetarian products in India. Together, they sought to combine Tyson’s capabilities in vertically integrated poultry processing and product development with Godrej Agrovet’s expertise in India’s supply chain.

Previously holding a 51% stake in the joint venture, Godrej Agrovet is now the full owner of Godrej Tyson Foods. Through the transaction, it gained a total of 97,461 shares.

Godrej Agrovet notified the Bombay Stock Exchange (BSE) of the acquisition, which became effective on Aug. 27.

The intent of the transaction was originally announced on Aug. 1, when Godrej Agrovet released its financial results for the quarter ended June 30, 2024. In that report, Godrej Tyson Foods posted lower revenues primarily due to lower volumes in the live bird business.

Godrej Tyson Foods has plants in Bangalore and Mumbai, India, complete with integrated breeding and hatchery operation. A separate production facility for the company’s vegetarian products sits on six acres of land in Ludhiana, India.