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Mint

Buy or sell: Sumeet Bagadia recommends three stocks to buy on Monday — Sept 2

Buy or sell stocks: Sumeet Bagadia has recommended three stocks to buy on Monday — Dr Reddy's Laboratories, Godrej Consumer Products, and Pidilite Industries

Business Standard

Godrej Industries plans to raise up to Rs 3,000 cr, seeks shareholders' nod

Godrej Industries Ltd plans to raise up to Rs 3,000 crore through issuance of debt instruments and will seek approval from shareholders through a special resolution, according to a regulatory filing. The board of directors, at its meeting held on August 7, 2024, had proposed to seek an approval from the members to raise or borrow funds by way of issuance of unsecured non-convertible debentures (NCDs), bonds or other instruments, listed or unlisted, on private placement basis for an amount not exceeding Rs 3,000 crore, Godrej Industries said in a postal ballot notice shared on the BSE. The fund is proposed to be raised within one year from the date of passing of the special resolution at an interest rate that will be determined by the prevailing money market conditions at the time of the borrowing, it added. The issue of these securities like NCDs, bonds or other instruments work as a cost-effective source of borrowing, it added. On the purpose of the fund raise, the company said it

The Economic Times

Godrej Properties acquires 90 acres of land in Maharashtra’s Khalapur

Godrej Properties, the real estate development arm of Godrej Industries Group, has acquired an approximately 90-acre land parcel in the Khalapur locality of Raigad district, Maharashtra. The land near Karjat Khopoli Road offers around 1.7 million sq ft of saleable area, mainly for residential plotted development. Khalapur is seen as a promising location for such developments.

The Economic Times

Godrej Industries to acquire unit of Shree Vallabh Chemicals in Gujarat

Godrej Industries Ltd announced on Monday that its chemicals business unit will acquire Shree Vallabh Chemicals' Ethoxylation unit II in Kheda, Gujarat, for an estimated Rs 45 crore. This acquisition will allow Godrej Industries to expand its product range by incorporating Ethoxylation technology into its existing portfolio.