Godrej Consumer Products gains on plan to acquire 30% stake in B:blunt

sankrit

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Godrej Consumer Products is currently trading at Rs. 873.00, up by 0.15 points or 0.02% from its previous closing of Rs. 872.85 on the BSE.

The scrip opened at Rs. 878.00 and has touched a high and low of Rs. 880.75 and Rs. 867.60 respectively. So far 3,995 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 977.40 on 18-Jul-2013 and a 52 week low of Rs. 661.25 on 22-Nov-2012.

The current market cap of the company is Rs. 29,715.00 crore.

The promoters holding in the company stood at 63.32% while institutions and non-institutions held 29.48% and 7.20% respectively. Godrej Consumer Products (GCPL) has entered into an agreement on October 07, 2013 to acquire a 30% stake in Bhabani Blunt Hair Dressing (B:blunt). B:blunt is a premier hair salon company with one of the strongest consumer franchises in this space.

Since launching the chain in 2005, Adhuna Bhabani Akhtar and Osh Bhabani have grown the brand across India. B:blunt, today has a pan-India presence with 17 outlets and 4 academies.

Godrej Consumer Products is a leader among India's Fast Moving Consumer Goods companies, with leading Household and Personal Care Products. Its brands include Good Knight, Cinthol, Godrej No. 1, Expert, Hit, Jet, Fairglow, Ezee, Protekt and Snuggy, among others, which are household names across the country.

Source:- berkeleygains
 
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