Godrej Consumer Products to raise upto Rs 3000 crores

Godrej Consumer Products Ltd has announced that the Board of Directors of the Company at its meeting held on December 15, 2009, inter alia, has approved the proposal to augment the long term financial resource(s) of the Company through suitable instrument(s) for an amount upto Rs 3000 crore (Rupees Three Thousand Crore), subject to approval of shareholders and other statutory approvals as necessary.

The stock was trading at Rs.264, down by Rs.1.75 or 0.66%. The stock hit an intraday high of Rs.273.90 and low of Rs.263.50.

The total traded quantity was 7941 compared to 2 week average of 17225.

Source : Equity Bulls

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