Godrej Industries increases stake in Godrej Capital to 91.11%

Godrej Industries Limited (GIL) has increased its shareholding in its subsidiary, Godrej Capital Limited (GCL), from 90.89% to 91.11%. This further acquisition involved GIL subscribing to 22,107 fully paid-up equity shares of face value Rs.10 each via a rights issue by GCL, representing a primary capital infusion.

The total cost of this acquisition for GIL is approximately ~Rs.409 crore. GCL, a Core Investment Company, also holds equity shares of Godrej Housing Finance Limited and Godrej Finance Limited. The transaction, classified as a related party transaction, was conducted at arm's length and falls within the overall investment limits approved by GIL shareholders under Section 186 of the Companies Act, 2013.

As of the latest update, GCL's total paid-up share capital is Rs.42,77,950, and its total consolidated income for the financial year ended March 31, 2025, was Rs.1,620.20 crore. GCL became a subsidiary of GIL on March 25, 2021.