Godfrey Phillips India has executed agreement on October 11, 2022 with Vishnu & Company Trademarks and its wholly owned subsidiary VLS Innovations (both these parties hereinafter collectively referred to as the 'Purchaser) to sell/assign trademarks along with all the rights, titles and interests therein and certain non-current assets including the rights in the Leasehold Land; used in relation to the Chewing business of the Company for an aggregate sale consideration of Rs 80 crore.
This sale/assignment is in line with the Company's decision to exit from its Chewing business which was incurring losses and constituted less than 2% of the total operating revenues of the Company in the financial year 2021-22. The Purchaser and its affiliates are engaged in the business of Chewing Products such as pan masala, flavoured elaichi and chewing tobacco through its various brands and is not a 'Related Party' to the Company.
Godfrey Phillips India, a flagship company of the Modi Enterprises, is one of India's largest cigarette manufacturers. It makes some of the best cigarette brands in the country including Four Square, Red & White, and Cavanders.
| Company Name | CMP |
|---|---|
| ITC | 305.00 |
| Godfrey Phillips | 2139.25 |
| VST Industries | 263.75 |
| The Indian Wood Pro. | 33.80 |
| NTC Industries | 170.05 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: