Godrej Consumer Products has invested Rs 200 crore in its subsidiary -- Godrej Pet Care (formerly known as Godrej Consumer Care) to fund the business operations, growth plans and capital requirements of Godrej Pet Care. The investment has been done through subscription of 1,61,29,032 fully paid-up equity shares of face value Rs 10 each, issued by Godrej Pet Care on a rights basis, at a premium of Rs 114 per equity share. Post this investment, the company continues to hold 100% of the total voting capital of Godrej Pet Care.
Earlier, the Board of Directors of the company at its meeting on August 7, 2024, had approved the entry of the company into Pet Care business through Godrej Pet Care.
Godrej Consumer Products (GCPL) manufactures personal care, hair care, household care and fabric care products.
| Company Name | CMP |
|---|---|
| Hindustan Unilever | 2143.80 |
| Godrej Consumer Prod | 1057.40 |
| Dabur India | 421.20 |
| Colgate-Palmolive(I) | 2074.35 |
| Galaxy Surfactants | 1926.20 |
| View more.. | |
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