M&AEconomic Times
Godrej shares rally 10% after Temasek investment
Positive+943 sources
GreyOak summary
Godrej Industries shares surged nearly 10% after Singapore's Temasek announced a Rs 2,500 crore investment in its financial services arm, Godrej Capital. This transaction values the financial business at up to Rs 28,000 crore, with the group retaining 80% ownership. The investment aims to accelerate expansion and support a target of Rs 1 lakh crore in assets under management by 2031.
What it affects
- Godrej IndustriesGODREJINDPositive +94
Shares rallied 10% on Temasek investment news.Rolling sentiment Positive +69
Source
Read the original at Economic TimesMore Godrej Industries news
- Godrej shares surge 8% as Temasek invests Rs 2,500 crMoneycontrol · M&A ·
- Singapore's Temasek to invest Rs 2,500 cr in Godrej Industries' financial services armEconomic Times · M&A ·