Godrej Industries Rs 87-crore shares in consumer goods unit

Godrej Industries on Wednesday acquired over 10 lakh shares of Godrej Consumer Products Ltd for Rs 87 crore from other promoter entities.

As per information available with the bourses, Godrej Industries picked up a total of 10.2 lakh shares in Godrej Consumer Products from nine promoters through open market route.

The shares were purchased for an average price of Rs 852, valuing the transaction at Rs 86.90 crore.

Among the promoters who sold shares are Nadir Burjor Godrej, Navroze Jamshyd Godrej, Nyrika Vijay Crishna, Nisaba Adi Godrej, Pirojsha Adi Godrej, Rishad Kaikhushru Naoroji, Raika Jamshyd Godrej, Tanya Arvind Dubash and Freyan Vijay Crishna.

As of September quarter, Godrej Industries held 7.48 lakh shares, or a 21.9 per cent stake, in the FMCG firm.

Earlier in August, Godrej Industries had bought 12 lakh shares of Godrej Consumer Products for Rs 103 crore from other promoter entities.

Shares in Godrej Consumer Products, on Wednesday, ended at Rs 840 apiece on the BSE., down 1.34 per cent from the previous close.