Hot Pursuit     03-May-23
Godrej Consumer rises on proposal to issue NCDs aggregating to Rs 5,000 crore
Godrej Consumer Products advanced 2.38% to Rs 944.70 after the company announced that its board on 10 May 2023 will consider a proposal to raise funds by way of issuance of NCDs aggregating to an amount upto Rs 5,000 crore.

The said non-convertible debentures (NCDs) would be issued in one or more tranches.

At the same meeting, the company's board will also consider and approve the audited financial results (standalone & consolidated) of the company for the quarter and financial year ended 31 March 2023.

Godrej Consumer Products is an Indian consumer goods company. The company's products include soap, hair colorants, toiletries and liquid detergents.

The company's consolidated net profit rose 3.55% to Rs 546.34 crore despite of 8.98% rise in revenue from operations to Rs 3,567.72 crore in Q3 FY23 over Q3 FY22.

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