Godrej Industries has received an approval for investment of a sum of Rs 150 crore in Godrej Consumer Products (GCPL). The company has also received an approval for investment of a sum of Rs 100 crore in Godrej Properties (GPL).
The board at its meeting held on August 11, 2012 has approved for the same. However, the aforesaid proposals are subject to the approval of the shareholders.
Further, the company has also received approval for exploring various possibilities of restructuring Godrej Hershey. Godrej Hershey (GHL) is potentially sick and the shareholders of GHL may look at redressing the issue. The board has granted approval to explore various possibilities and / or any combination thereof for restructuring its shareholding in GHL, including but not restricted to referring GHL to BIFR and / or sale of entire / partial investment held by the company in GHL.
| Company Name | CMP |
|---|---|
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| Tata Chemicals | 709.05 |
| SRF | 2493.65 |
| Pidilite Inds. | 1393.25 |
| Deepak Nitrite | 1538.00 |
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