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Corporate - Restructuring


Foods unit sale: Godrej to seek shareholders' nod

Our Bureau

MUMBAI: Godrej Industries Ltd has announced that it would seek shareholders' approval for hiving off its foods divisions for Rs 50 crore.

The company plans to sell this division to an associate company, as a going concern. It has also sought approval for an investment of Rs 10 crore in the securities of Godrej Upstream Ltd.

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