Date:25/04/2003 URL: http://www.thehindu.com/2003/04/25/stories/2003042501531701.htm

Business - Monitor

Godrej & Boyce becomes holding co.

MUMBAI: Godrej Foods has informed the Bombay Stock Exchange that pursuant to the scheme of arrangement between Godrej Appliances, Godrej Capital and Godrej & Boyce Mfg Co., 33.51 lakh equity shares held by Godrej Capital in the company shall be transferred to Godrej & Boyce with effect from March 31. As a result, Godrej & Boyce Mfg Co has become a holding company of Godrej Foods.