Godrej Industries gains as its Chemicals Business signs agreement to acquire Unit II of Shree Vallabh Chemicals
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Godrej Industries is currently trading at Rs. 911.45, up by 11.55 points or 1.28% from its previous closing of Rs. 899.90 on the BSE.
The scrip opened at Rs. 912.75 and has touched a high and low of Rs. 928.40 and Rs. 909.90 respectively. So far 7455 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 989.90 on 02-May-2024 and a 52 week low of Rs. 469.00 on 07-Aug-2023.
Last one week high and low of the scrip stood at Rs. 928.40 and Rs. 880.05 respectively. The current market cap of the company is Rs. 30298.80 crore.
The promoters holding in the company stood at 67.16%, while Institutions and Non-Institutions held 12.79% and 20.05% respectively.
Godrej Industries’ Chemicals Business has signed a business transfer agreement with Shree Vallabh Chemicals Unit II (Kheda), with the intention to acquire their Ethoxylation Unit II. As a leading player in Oleochemicals, Surfactants, Specialities and Biotech, this transaction will help the company expand its product offerings by adding the Ethoxylation technology to its portfolio of process and batch technologies. Located at Kheda, Gujarat, the Shree Vallabh Ethoxylation unit II has a manufacturing capacity of 24,000 MTPA of finished products.
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.
