MoneyWorks4Me

Godrej Industries to demerge investment business undertaking of EHFL

14 Feb 2019 Evaluate

Godrej Industries has received approval for the demerger of Investment Business Undertaking of Ensemble Holdings & Finance (EHFL) into the company. The entire issued, subscribed and paid-up share capital of EHFL is held by the company and no shares shall be issued by the company pursuant to the Scheme. Investments in EHFL held by the company shall stand cancelled to the extent required.

The Board of Directors of the Company at its meeting held on February 13, 2019 has approved the same.

Godrej industries is India's leading manufacturer of oleochemicals and makes more than a hundred chemicals for use in over two dozen industries.

Peers
Company Name CMP
Godrej Industries 1029.30
SRF 2447.10
BASF India 3446.20
Pidilite Inds. 1493.25
Tata Chemicals 610.80
View more..