The stock dipped 7% to Rs 958, extending its Monday's 2% fall on BSE.
The stock rallied 7% to Rs 1,886 after the company reported 212% jump in net profit at Rs 390 crore
The company is now dividing some of its broad regions of Africa, Latin America & UK, into sub-clusters to drive synergies and growth
Adi Godrej Group looks to grow top line tenfold in the next decade
Company is also setting up a new plant at an investment of Rs 100 cr in Jammu, to be operational by March 2017
The company has acquired 100% equity stake in US-based Strength of Nature LLC
Firm hopes acquisition of Strength of Nature will boost global sales, which currently make up 47% of its business
Currently GCPL has two JVs -- one with Darling Group, Africa, another with Canon Chemicals, a Kenya-based personal care firm "We are increasing our shareholding in many of our joint ventures. This is based on put and call options in the original agreements," Godrej Group Chairman Adi Godrej told PTI. At present, GCPL has two joint ventures (JV) - one with the Darling Group in Africa and another with Canon Chemicals Ltd, a Kenya based home and personal care company. This year, GCPL entered into an agreement with Canon Chemicals Ltd, that manufactures and distributes products in the personal and home care categories, for acquisition of 75 per cent stake in its business in Kenya. After entering into a JV with the Darling Group in 2011, GCPL has since then acquired 100 per cent stake in the Nigeria and Ghana businesses, 90 per cent stake in South Africa and Mozambique ...