Godrej Industries Limited(GIL) announced the acquisition additional stake in Godrej Capital Limited (GCL). Post this, the company will hold 87.11% stake in Godrej Capital Limited.
“We would like to inform that Godrej Industries Limited (the Company) has made further investment in Godrej Capital Limited, its subsidiary on March 16, 2022. Consequently, the Company now holds 87.11% of the total paid up share capital of Godrej Capital Limited,” the exchange filing said.
Godrej Capital Limited (GCL) (formerly known as Pyxis Holdings Limited), is a subsidiary of Godrej Industries Limited (GIL). GCL is an investment holding company which holds Godrej Housing Finance Limited and Godrej Finance Limited (formerly known as Ensemble Holdings and Finance Limited).
GCL was incorporated on September 6, 2019 under the name and style of “Pyxis Developers Private Limited”. The name of the Company was then changed to Pyxis Holdings Private Limited w.e.f. February 12, 2021 and to Pyxis Holdings Limited w.e.f March 9, 2021. GCL became a subsidiary of GIL w.e.f. March 25, 2021 and the name of the Company was then changed to Godrej Capital Limited w.e.f. October 26, 2021.
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