Godfrey Phillips bonus issue: This means that every shareholder owning 1 share of the company as on the record date, will receive two bonus shares following the issuance of the additional shares.
Godfrey Phillips reported a robust 48.7 percent YoY surge in net profit for the December quarter
24Seven Retail and Samir Modi, son of Managing Director Bina Modi, have sought royalty for trademark and moved a case before Delhi High Court. Godfrey Phillips India has contested the demands and said there is no royalty payable.
In July this year, the Delhi High Court had allowed Godfrey Phillips to proceed with the sale of the retail business 24Seven.
The proxy advisory firm has cited family feud and remuneration paid to the promoter group as the key reasons for giving the recommendation. An AGM of the company is slated on September 6.
Ahead of the AGM on September 6, Modi, who is locked in a dispute with his mother and was ousted as the executive director recently, tells Moneycontrol that personal biases have no place in boardrooms
Philip Morris Products SA is a member entity of the group to which Philip Morris Global Brands Inc, USA — a promoter shareholder of the company.
Godfrey Philips witnessed an intermediate trend line break out on price as well RSI on the monthly time frame, and we expect the stock will be a good bargain at current levels.
ITC being the largest buyer, processor and exporter of leaf tobacco in India will be beneficial from the India-China tobacco protocol
In an exclusive interview to CNBC-TV18’s Latha Venkatesh, Anuj Singhal, and Sonia Shenoy, KK Modi, President & MD at Godfrey Philips India spoke about outlook going forward for the cigarette industry and the impact of GST on the industry.