Godrej Consumer Products Ltd (GCPL) to Raises Rs 3000 crore via QIP

by khalid on 06/06/2010 · 0 comments

Godrej Consumer Products Ltd is a manufacturer of toilet soaps and other toiletries. It’s products include soaps, toiletries, fabric care, baby care, deodorant, fairness cream, liquid detergent, hair colour, shaving cream and gel. The company is planning to raise upto $150 Mn by diluting 6% stake via QIP. This funds will be use to fund the acquisitions.

GCPL is raising about Rs 3000 Cr for funding acquisitions mainly through debt. The funds were to be raised as and when acquisitions materialise.

GCPL was also rumored to be in talks with several PE players including Carlyle and Blackstone for the equity portion of the funds, but the talks didnt materialise.

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