Godrej Consumer Products shares rise after FMCG giant announces East Africa divestment; what should investors do?
Godrej Consumer Products news: Godrej Consumer Products, along with a wholly-owned subsidiary, inked an agreement to sell its entire stake in wholly-owned subsidiary Godrej East Africa Holdings, Mauritius, to HKG Africa Weave Ltd for $3.5 million (Rs 29.1 crore at $1 = Rs 83).
Godrej Consumer share price target: Macquarie maintained a ‘neutral’ rating on Godrej Consumer Products after the development. Image: Reuters/ Representational image