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Godrej Industries to raise Rs 405 crore through rights issue

23 Jul 2012 Evaluate

Godrej Industries is planning to raise up to Rs 405 crore through rights issue to institutional players. It will issue up to 1,56,66,734 equity shares of Re 1 each with a right, besides an additional allotment of up to 15,66,673 equity shares in case of over subscription.

The company’s net profit for the quarter under review has increased by 14.18% at Rs 28.51 crore as compared to Rs 24.97 crore for the corresponding quarter of the previous year. The company’s total income has increased by 20.32% at Rs 357.00 crore for the December quarter of the current fiscal from Rs 296.72 crore for December quarter of the previous fiscal.

Peers
Company Name CMP
Godrej Industries 1039.10
SRF 2455.00
BASF India 3404.85
Pidilite Inds. 1485.00
Tata Chemicals 616.95
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