Godrej Consumer Products' promoter, Godrej Industries on Tuesday acquired a total of 12 lakh shares of the FMCG major for Rs 103 crore from other promoters entities.
As per the block deal information available with BSE, the shares of Godrej Consumer Products were purchased from nine promoters -- Nadir Godrej, Navroze Godrej, Nyrika Vijay Crishna, Nisaba Adi Godrej, Pirojsha Adi Godrej, Freyan Crishna, Rishad Kaikhushru Naoroji, Raika Jamshyd Godrej and Tanya Arvind Dubash.
The shares were picked up at Rs 862 apiece, valuing the transaction at an estimated Rs 103.44 crore.
As of June quarter, Godrej Industries held 7.36 crore shares of Godrej Consumer Products representing 21.64 per cent stake in the company.
Earlier this month, Godrej Consumer Products had reported 16.46 per cent increase in net profit at Rs 107.08 crore in the first quarter ended June 30, 2013.
Shares of Godrej Consumer Products today rose by 3.92 per cent to end the day at Rs 894.85 apiece, on the BSE.