Godrej Ind gets board’s approval to raise ₹3,000 crore via NCDs, bonds; stock gains
The holding company of the Godrej Group will raise the fund in one or more tranches, subject to the shareholders’ approval.
The holding company of the Godrej Group will raise the fund in one or more tranches, subject to the shareholders’ approval.
The Adi-Nadir group will acquire 4,25,83,272 shares constituting 12.65% of the total paid-up share capital of Godrej Industries
Out of five listed entities, Godrej Consumer, Godrej Agrovet and ASTEC were trading higher, while Godrej Properties and Godrej Industries slipped in red.
As per the FSA, Godrej Industries Group (GIG) will be controlled by Adi Godrej, Nadir Godrej and their immediate families.
Building farmer networks and giving them tips on best-practices is a great way to improve farm efficiency and scale, believes Nadir Godrej.
The imminent split could lead to an erosion in the value of brand Godrej in the absence of a robust central and shared brand governance system.
The 124-year-old group owns 3,400 acres in Mumbai, the most expensive real estate market in the country. Of this, the 3,000-acre parcel in Vikhroli has a development potential of over ₹1 lakh crore.