Godrej Consumer Gets Investors’ Nod to Raise up to Rs 300 cr via NCDs

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New Delhi: FMCG firm Godrej Consumer Product Ltd (GCPL) on Thursday said its shareholders have approved a proposal to raise up to Rs 300 crore through issue of non-convertible debentures (NCDs) on private placement basis.

GCPL said in a BSE filing that 100 per cent shareholders polled in favour of the proposal of raising an amount up to Rs 300 crore from NCDs in private placement.

The company has said it will raise the fund in one or more tranches during the period of one year commencing from the date of passing of this resolution, July 29, by shareholders.

As of 3:07 p.m., shares in Godrej Consumer Product were trading about 0.4 per cent higher at Rs 1244.90 apiece on the BSE.

Source:http://profit.ndtv.com/

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