Active Stocks
Tue Mar 19 2024 09:51:06
  1. Tata Consultancy Services share price
  2. 4,045.00 -2.41%
  1. Tata Steel share price
  2. 151.40 1.20%
  1. NTPC share price
  2. 314.00 -0.99%
  1. HDFC Bank share price
  2. 1,444.35 -0.13%
  1. ITC share price
  2. 417.90 0.12%
Business News/ Companies / Godrej Consumer looks to raise $125 mn via PE
BackBack

Godrej Consumer looks to raise $125 mn via PE

Godrej Consumer looks to raise $125 mn via PE

Premium

Mumbai: Godrej Consumer Products is in talks with a clutch of private equity investors to raise $125 million, two sources with direct knowledge of the matter said on Tuesday.

The company is in talks with US giants Carlyle Group and Blackstone, as well as India’s ChrysCapital and Standard Chartered Private Equity, the sources said.

Godrej has hired JM Financial Ltd to arrange the deal, sources said.

The company’s board had earlier given approval to raise up to Rs3,000 crore ($662 million) in debt and equity to fund mergers and acquisitions.

Talks between Godrej Consumer and private equity firms were reported by Indian website VCCircle.com earlier on Tuesday.

The funds would be used to finance further acquisitions that the company is planning, sources said. A company spokesperson declined to comment. Spokespersons for Carlyle and Blackstone declined to comment.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 11 May 2010, 06:13 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App

Chat with MintGenie