Four Godrej family members buy 1 pc stake in Godrej Consumer for Rs 900 cr
A promoter activity development with market-wide reach.
· Economic Times Markets, ET Stocks
Nadir Burjor Godrej and Adi Godrej's heirs recently acquired a 1 percent stake in Godrej Consumer Products, purchasing 1,02,30,000 shares at Rs 880 each, totaling over Rs 900 crore. This transaction occurred via block deals from two entities within the promoter group. Notably, despite this shift in shareholding, the overall ownership percentage among the promoters remained unchanged.
The analysis
Promoters buy and sell with more information than anyone; the direction of their conviction is a signal in itself.
Market context
- Sector exposure: Consumer Durables.
In this story
Related coverage
Tech start-up Eloelo launches Dolphin AI for video creation
Adani Enterprises gets rating upgrade from CARE Ratings to AA; Stable; shares up 21% in 2026
Titan reports 25% revenue growth in Q2FY27, jewellery sales up 21%
Top stocks to watch today: Inox Wind, Meesho, Titan, Ola Electric shares in focus on Wednesday, 7 October | Full list
Stocks in news: Titan, HCL Tech, Adani Ports and Utkarsh SFB