FMCG major Godrej Consumer Products today said its board has approved to raise Rs 3,000 crore through issue of securities for various corporate purposes.
The board of directors at its meeting held on December 15 has approved to raise up to Rs 3,000 crore to augment long- term financial resources of the company through suitable instruments including shares, bonds and debentures, Godrej Consumer Products said in a filing to the Bombay Stock Exchange (BSE).
The proposal is subject to shareholders approval, the filing added.
Shares of the company were trading at Rs 265.50 on the BSE, down 0.09 per cent from its previous close.