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Godrej Industries makes further investment in Godrej Capital

01 Mar 2024 Evaluate

Godrej Industries (GIL) has made further investment in Godrej Capital, its subsidiary on February 29, 2024. Consequently, the company now holds 89.48% of the total paid up share capital of Godrej Capital. This further acquisition of Equity Shares of GCL is done by GIL based on the Valuation Report for a total consideration of Rs 284.73 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.


Peers
Company Name CMP
Godrej Industries 1103.20
SRF 2454.00
BASF India 3542.05
Pidilite Inds. 1522.00
Tata Chemicals 734.50
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