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Wednesday, August 14, 2013

Godrej Industries strikes deal, buys Rs. 103 crore Godrej Consumer shares

Godrej Consumer Products' promoter, Godrej Industries Tuesday purchased 12 lakh shares of the FMCG major for Rs 103 crore from other promoter entities. According to the deal information available with BSE, the shares of Godrej Consumer Products were purchased from nine promoters. The names of the nine promoters are: • Nadir Godrej, • Navroze Godrej, • Nyrika Vijay Crishna, • Nisaba Adi Godrej, • Pirojsha Adi Godrej, • Freyan Crishna, • Rishad Kaikhushru Naoroji, • RaikaJamshyd Godrej • Tanya Arvind Dubas. With each share acquired at Rs 862 apiece, the total deal value stands at an estimated Rs 103.44 crore. As of quarter ending June 30, 2013, Godrej Industries held 7.36 crore shares of Godrej Consumer Products, amounting to a 21.64 percent stake in the company. The net profit of Godrej Consumer Products for the first quarter ending June 30, 2013 stood at Rs. 107.08 crore, a total increase of 16.46 percent. On Tuesday, shares of Godrej Consumer Products closed at Rs.8

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