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.
