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Godrej Industries rises on making further investment in Godrej Capital
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Godrej Industries is currently trading at Rs. 810.00, up by 9.50 points or 1.13% from its previous closing of Rs. 800.95 on the BSE.
The scrip opened at Rs. 801.00 and has touched a high and low of Rs 810.75 and Rs. 801.00 respectively. So far 222 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 911.15 on 01-Feb-2024 and a 52 week low of Rs. 395.20 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 818.70 and Rs. 790.45 respectively. The current market cap of the company is Rs. 26967.24 crore.
The promoters holding in the company stood at 67.16%, while Institutions and Non-Institutions held 13.08% and 19.76% respectively.
Godrej Industries (GIL) has made further investment in Godrej Capital, its subsidiary on February 29, 2024. Consequently, the company now holds 89.48% of the total paid up share capital of Godrej Capital. This further acquisition of Equity Shares of GCL is done by GIL based on the Valuation Report for a total consideration of Rs 284.73 crore.
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.
