Godrej Industries sells services business HiCare to ISS.

24 Apr 2009

Godrej Industries has exited the pesticide services business by selling HiCare to Denmark-based ISS, a facility services company. It held 80 per cent of Godrej HiCare, which will become a wholly-owned subsidiary of ISS. The proceeds from the sale will go to Godrej Industries and A Mahendran, director, Godrej HiCare (who held 20 per cent of the company).

 

Earlier, the company had hived off its urban gourmet retailing venture, Nature’s Bounty, formerly a part of Godrej Agrovet, into a separate subsidiary, stating it would explore options to partner with global gourmet retailers. Likewise, for Godrej HiCare, the company was looking for a strategic partner to take it to its next level of growth. crackcrack
Related Godrej Industries Ltd. Links:

Godrej Industries Share Price

444.50 -3.35 (-0.75%) Feb 24, 18:55
1 Year Price Chart
Peers
Company Name CMP
Tata Chemicals 670.65
Pidilite Inds. 1723.40
Aarti Inds 1229.90
Atul 6570.20
India Glycols 482.05
View more..
Sensex vs Godrej Industries
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323

Callback