Moneycontrol PRO

business

Godrej to go IPP-way to cut promoter stake; cash for M&A

CNBC-TV18 finds out that Godrej Industries is looking to dilute promoter stake in the company through the institutional placement route.

first published: Feb 27, 2012 04:37 pm

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347