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Godrej Industries gains as its arm buys additional stake in Creamline Dairy Products

23 Dec 2015 Evaluate

Godrej Industries is currently trading at Rs. 382.55, up by 1.70 points or 0.45% from its previous closing of Rs. 380.85 on the BSE.

The scrip opened at Rs. 382.50 and has touched a high and low of Rs. 383.70 and Rs. 380.05 respectively. So far 16431 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 411.55 on 10-Aug-2015 and a 52 week low of Rs. 273.90 on 07-Jan-2015.

Last one week high and low of the scrip stood at Rs. 388.40 and Rs. 365.00 respectively. The current market cap of the company is Rs. 12826.37 crore.

The promoters holding in the company stood at 74.81% while Institutions and Non-Institutions held 16.71% and 8.49% respectively.

Godrej Industries’ subsidiary Godrej Agrovet (GAVL) has bought additional stake of 25% in Creamline Dairy Products, one of South India’s largest dairy producers selling their products under the brand name ‘Creamline’ for Rs 150 crore.

Prior to this acquisition, GAVL was holding 26% stake in this company. Following this deal, GAVL would be a majority shareholder in Creamline with 51% stake. Through this acquisition, GAVL has entered into dairy sector full- fledged.

Creamline is a prominent dairy company in South India with significant operations across Telangana, Andhra Pradesh, Tamilnadu, Karnataka and at Nagpur in Central India, while Godrej Industries is part of the Godrej group, one of the leading business groups in India and is in the businesses of Oleo-chemicals, surfactants, finance & investments and estate management.

Godrej Industries Share Price

926.95 8.25 (0.90%)
17-Apr-2026 16:59 View Price Chart
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