×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Godrej acquires 100% stake in subsidiary

Godrej acquires 100% stake in subsidiary
Comment E-mail Print Share
First Published: Fri, Jul 03 2009. 11 06 PM IST
Updated: Fri, Jul 03 2009. 11 06 PM IST
Mumbai: Godrej Industries Ltd on Friday said it has acquired a 100% stake in its subsidiary Natures Basket Ltd (NBL), without disclosing the amount.
The firm has acquired the entire shareholding in NBL from Godrej Agrovet Ltd (GAVL), which itself is a subsidiary of Godrej Industries, it said in a filing to the Bombay Stock Exchange.
“With this acquisition NBL has become a direct 100% subsidiary of the company,” Godrej Industries said.
Shareholders of the company had approved the investment in NBL, it said.
Comment E-mail Print Share
First Published: Fri, Jul 03 2009. 11 06 PM IST