FMCG major Godrej Industries today said it has acquired the entire stake in its step down subsidiary Natures Basket Ltd (NBL) for an undisclosed amount.

The company has acquired the entire shareholding in NBL from Godrej Agrovet Ltd (GAVL), which itself is a subsidiary of Godrej Industries, it said in a filing to the Bombay Stock Exchange.

Also Read   Related Stories News Now - Mahindra transfers land defence biz to subsidiary - Dr Reddy's takes an earnings hit, terms it as a one-off event - Valiant sells US subsidiary - Pfizer makes open offer to raise stake in Indian unit - GAIL wins bids for 4 cities - Power Grid forms subsidiary for power system operations

Also Read   Related Stories News Now - Markets end flat - Turbulence ahead for airlines despite oil price drop - Weak rupee may bring cheer to NRIs, expats - LIC buys PSU stocks, sells pvt sector blue-chips in Q4 - Banks may lower deposit rates as inflation eases: Report More

According to the FMCG major, shareholders of the company had approved investment in NBL. NBL focuses on specialty food including fresh produce and is positioned as a premium food chain.

Shares of Godrej Industries today closed at Rs 144.80, or up by 0.24 per cent on the BSE.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Markets end flat - Turbulence ahead for airlines despite oil price drop - Weak rupee may bring cheer to NRIs, expats - LIC buys PSU stocks, sells pvt sector blue-chips in Q4 - Banks may lower deposit rates as inflation eases: Report

Tags : FMCG major Godrej Industries | subsidiary | Natures Basket Ltd (NBL)   Read Business news in  Advertisements -  Journey on, We are by Your Side. Click here to know more -  2 Lac Apartments, 1 Lac House / Plots. Click here -  Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol. -  The Best Seller is Also the No. 1 in Mileage. Click here -  Watch The Film Here. Click here to know more.. -  Leader in Passenger Car & Automobile Tyres. Click here -  1 billion in saving for Unilever without any tangles. -  A Brand New Server at a Price That Fits Your Budget. Click here -  Learn How One City is Running on FOOD SCRAPS. -  One Partnership Endless Possibilities. Click here to know more -  Helping doctors detect diseases earlier, saving costs & extending lives. -  36 Lakhs can get you a pool of Luxuries. Click here -  Which is the best plan for your daughter -  Check out the TRUE COLOURS of your Stocks, Now for FREE! -  One of the leading business schools in the world.Know More