The Reserve Bank of India (RBI) has allowed foreign institutional investors (FIIs) to invest up to 40 per cent of the paid up capital of Godrej Consumer Products under the Portfolio Investment Scheme (PIS).
The purchases could be made through primary market and stock exchanges. FIIs, NRIs and PIOs (persons of Indian origins) can invest in primary and secondary capital markets in India through PIS.
Godrej Consumer Products is a leader among India's Fast Moving Consumer Goods companies, with leading Household and Personal Care Products. Its brands include Good Knight, Cinthol, Godrej No. 1, Expert, Hit, Jet, Fairglow, Ezee, Protekt and Snuggy, among others, which are household names across the country.
