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GCPL inches up as its arm acquires balance 25% stake in Canon Chemicals

18 May 2020 Evaluate

Godrej Consumer Products is currently trading at Rs. 544.05, up by 0.55 points or 0.10% from its previous closing of Rs. 543.45 on the BSE.

The scrip opened at Rs. 546.75 and has touched a high and low of Rs. 552.40 and Rs. 541.25 respectively. So far 1436 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 771.75 on 16-Jan-2020 and a 52 week low of Rs. 425.10 on 23-Mar-2020.

Last one week high and low of the scrip stood at Rs. 572.25 and Rs. 505.10 respectively. The current market cap of the company is Rs. 55557.78 crore.

The promoters holding in the company stood at 63.24%, while Institutions and Non-Institutions held 29.96% and 6.80% respectively.

Godrej Consumer Products’ (GCPL) wholly-owned subsidiary -- Godrej East Africa Holdings has acquired balance 25 percent stake in Kenya-based Canon Chemicals for an undisclosed sum. Through this transaction, Canon Chemicals would now be a wholly-owned subsidiary of the company.

The Godrej Group firm had earlier acquired 75 per cent stake in Canon Chemicals Limited, Kenya, in 2016. Canon Chemicals is a Kenya-based manufacturer of consumer products. GCPL is expanding its presence in the African markets and has done substantial acquisitions also in the past to strengthen its presence in the subcontinent.

Godrej Consumer Products is the largest home-grown home and personal care company in India.

Godrej Consumer Prod Share Price

1108.20 27.10 (2.51%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindustan Unilever 2241.10
Godrej Consumer Prod 1108.20
Dabur India 442.10
Colgate Palmol. (I) 2106.20
P&G Hygiene 10006.55
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