Godrej Industries Surges After Its Arm Acquires Majority Stake In Group Corporations GHFL, EHFL – Udaipur Kiran | Udaipur Newest Information

Godrej Industries is at present buying and selling at Rs. 548.65, up by 3.85 factors or 0.71% from its earlier closing of Rs. 544.80 on the BSE.

The scrip opened at Rs. 548.70 and has touched a excessive and low of Rs. 559.25 and Rs. 548.55 respectively. Thus far 7864 shares had been traded on the counter.

The BSE group ‘A’ inventory of face worth Rs. 1 has touched a 52 week excessive of Rs. 674.35 on 29-Jun-2021 and a 52 week low of Rs. 351.90 on 04-Nov-2020.

Final one week excessive and low of the scrip stood at Rs. 566.55 and Rs. 541.55 respectively. The present market cap of the corporate is Rs. 18650.09 crore.

The promoters holding within the firm stood at 67.19%, whereas Establishments and Non-Establishments held 12.93% and 19.88% respectively.

Godrej industries’ subsidiary — Pyxis Holdings has acquired majority stake in group corporations Godrej Housing Finance (GHFL) and Ensemble Holdings and Finance (EHFL). The transfer would assist Godrej group, which is taking a look at increasing and diversifying its enterprise actions similar to Housing Finance Enterprise. The entire consideration paid for the acquisition of GHFL is Rs 405.9 crore. Whereas shares of EHFL had been transferred by the corporate to Pyxis Holdings for a consideration of Rs 5.73 crore in a transaction between associated events.

Accordingly, EHFL has ceased to be a direct wholly-owned subsidiary of the corporate and has develop into a step-down subsidiary of the corporate with Pyxis being the fast holding firm for EHFL. The corporate holds 85 per cent stake in Pyxis. GIL is a holding firm of the Godrej Group. It has important pursuits in shopper items, actual property, agriculture, chemical compounds and monetary companies by means of our subsidiary and affiliate firms.

Godrej industries part of Godrej group, is India’s main producer of oleochemicals and makes greater than 100 chemical compounds to be used in over two dozen industries.

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