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Godrej Industries has been planning for investing Rs 600 crore in its two group companies- Godrej Properties and Godrej Agrovet by subscription/purchase of shares.
The company at its upcoming AGM on August 11, will be seeking approval from its shareholders for the same.
Godrej Industries has said in a letter to shareholders that “The company proposes to invest in its subsidiaries, Godrej Properties Ltd (GPL) and Godrej Agrovet Ltd (GAVL) up to an amount of Rs 300 crore, each, as it considers it to be a good investment opportunity.”
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