Godrej Consumer Products increase stake in three subsidiaries to 100%

GWAHL, DTCL, and DGH II are all investment holding companies.

Sep 23, 2021 09:09 IST India Infoline News Service

Godrej Consumer Products
Godrej Consumer Products Limited has increased its stake in subsidiaries from 95% to 100% in Godrej West Africa Holdings Ltd., Mauritius, and Darling Trading Company Ltd. It also increased its stake in another subsidiary from 90% to 100% in DGH Phase Two Mauritius, Mauritius.

GWAHL, DTCL, and DGH II are all investment holding companies. The company increased its stake to 100% in all three companies.

The company acquired an additional stake in GWAHL at USD 6.50 million, USD 5.08 million for the acquisition of an additional stake in DTCL and USD 9.40 million for acquisition of additional stake in DGH II.

At around 9.43 am, Godrej Consumer Products Ltd was trading at Rs1,057.85 per piece up by Rs2.45 or 0.23% from its previous closing of Rs1,055.40 per piece on the BSE.

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