Godrej Industries increases stake in Godrej Capital to 90.89%
Godrej Industries Limited (GIL) announced it has increased its stake in its subsidiary, Godrej Capital Limited (GCL), to 90.89%. This follows an update submitted under Regulation 30 on February 29, 2024. GIL acquired 15,422 fully paid-up equity shares of GCL via a rights issue, investing approximately INR 285 Crore. GCL’s total paid-up share capital stands at INR 40,45,250. The investment is within limits previously approved by shareholders under the Companies Act, 2013. GCL's consolidated income for the financial year ending March 31, 2025, was INR 1620.20 Crore. GCL, a Core Investment Company, holds equity shares in Godrej Housing Finance Limited and Godrej Finance Limited.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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