Godrej industries (GIL) has made further investment in Godrej Capital, its subsidiary on March 16, 2022. Consequently, the company now holds 87.11% of the total paid up share capital of Godrej Capital.
Godrej Capital is an investment holding company which holds Godrej Housing Finance and Godrej Finance (formerly known as Ensemble Holdings and Finance). This acquisition of shares of Godrej Capital is done by GIL based on the valuation report for a total consideration of Rs 100.16 crore.
Godrej industries a part of Godrej group, is India's leading manufacturer of oleochemicals and makes more than a hundred chemicals for use in over two dozen industries.