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Godrej Industries gains on plan to divest 43% stake in Godrej Hershey

10 Sep 2012 Evaluate

Godrej Industries is currently trading at Rs. 260.50, up by 1.65 points or 0.64% from its previous closing of Rs. 258.85 on the BSE.

The scrip opened at Rs. 257.70 and has touched a high and low of Rs. 262.00 and Rs. 257.70 respectively. So far 1,867 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 283.60 on 10-Apr-2012 and a 52 week low of Rs. 168.00 on 29-Dec-2011.

Last one week high and low of the scrip stood at Rs. 262.00 and Rs. 237.00 respectively. The current market cap of the company is Rs. 8,726.00 crore.

The promoters holding in the company stood at 79.10% while Institutions and Non-Institutions held 9.49% and 11.42% respectively.

Godrej Industries (GIL) has entered into a share purchase agreement to divest its 43% stake in Godrej Hershey to the Hershey Company for an undisclosed consideration. The transaction is expected to close by the end of second quarter fiscal year 2012-13.

Post the transaction Godrej Hershey will become a wholly-owned subsidiary of the Hershey Company. For the fiscal year ended March 31, 2012, Godrej Hershey posted net sales of Rs 386 crore and losses of Rs 74 crore.

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. It has substantial interests in several industries including property development, oil palm plantation, animal feeds and agro-products, poultry, personal care and household care etc., through its subsidiaries, associate companies and joint ventures.

Godrej Industries Share Price

995.75 51.05 (5.40%)
23-Apr-2026 16:59 View Price Chart
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