Godrej Industries rises on planning to invest Rs 1,500 crore in Godrej Capital
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Godrej Industries is currently trading at Rs. 502.70, up by 5.35 points or 1.08% from its previous closing of Rs. 497.35 on the BSE.
The scrip opened at Rs. 505.00 and has touched a high and low of Rs. 513.00 and Rs. 500.30 respectively. So far 9395 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 674.35 on 29-Jun-2021 and a 52 week low of Rs. 450.00 on 29-Mar-2022.
Last one week high and low of the scrip stood at Rs. 513.00 and Rs. 485.00 respectively. The current market cap of the company is Rs. 16740.02 crore.
The promoters holding in the company stood at 67.18%, while Institutions and Non-Institutions held 12.39% and 20.43% respectively.
With the aim of scaling up its ambition in the financial services sector, Godrej Industries (GIL) has launched Godrej Capital (GCL). GCL is a subsidiary of GIL and is the holding entity for Godrej Housing Finance (an HFC) and Godrej Finance (an NBFC). With the ultimate aim of building a world class retail financial services business and a near term aim of building an Rs 30,000 crore balance sheet by 2026, GIL has committed to invest Rs 1,500 crore in capital in GCL.
Godrej Capital currently has its footprint across Mumbai, Bengaluru, Delhi NCR, Ahmedabad, and Pune and will soon be operational in six new cities, i.e., Jaipur, Chandigarh, Hyderabad, Chennai, Indore and Surat.
Godrej industries a part of Godrej group, is India's leading manufacturer of oleochemicals and makes more than a hundred chemicals for use in over two dozen industries.
