Godrej Industries (GIL) has made further investment in Godrej Capital (GCL), its subsidiary. Consequently, the company now holds 90.89% 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 around Rs 285 crore.
Godrej Capital is a core investment company which holds equity shares of Godrej Housing Finance and Godrej Finance.
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.
