Godrej industries gains on acquiring additional of 2.08% stake in Godrej Agrovet
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Godrej Industries is currently trading at Rs. 450.95, up by 1.15 points or 0.26% from its previous closing of Rs. 449.80 on the BSE.
The scrip opened at Rs. 451.00 and has touched a high and low of Rs. 455.10 and Rs. 448.05 respectively. So far 2859 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. 434.45 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 469.00 and Rs. 443.55 respectively. The current market cap of the company is Rs. 15213.61 crore.
The promoters holding in the company stood at 67.18%, while Institutions and Non-Institutions held 12.27% and 20.55% respectively.
Godrej industries has made further investment of 2.08% in Godrej Agrovet, its subsidiary on May 20, 2022. Consequently, the company now holds 64.55% of the total paid up Equity Share capital of Godrej Agrovet. The company has made further investment in its subsidiary as a strategic investment.
This further acquisition of Equity Shares of Godrej Agrovet is done by company in open market as a block deal at a price of Rs 492.60 per share, aggregating to Rs 197.04 crore. The company has acquired 40 lakh fully paid up equity shares of face value of Rs 10 each of Godrej Agrovet.
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.
