Godrej Consumer launches $87 mn share sale via QIP

Godrej Consumer launches $87 mn share sale via QIP

Mumbai: Personal care products maker Godrej Consumer Products Ltd on Tuesday launched a $87 million share sale to institutions, two sources with direct knowledge told Reuters.

The issue has an option to be raised to $130 million, they said.

Godrej is selling shares to institutions at Rs345 per share, sources said adding that the issue is likely to be closed by evening.

Kotak Mahindra Bank and HSBC Holdings Plc are the bankers to the issue.

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