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Goodknight business has implied value of around Rs 30,000 crore, says GCPL chairperson, ET Retail

Godrej Group had bought the Goodknight brand in just Rs 100 crore in 1994. A year later in 1995, it sold a 51 per cent stake in Goodknight to Sara Lee and started a joint venture with the US-based consumer goods company. Later in 2010, GCPL acquired Sara Lee s 51 per cent stake for Rs 1,240 crore and merged the business into the company.

Goodknight business has implied value of Rs 30,000 crore: GCPL chairperson Nisaba Godrej: Best Media Info

gcpl: Goodknight business has implied value of around Rs 30,000 crore, says GCPL chairperson

Godrej Group had bought the Goodknight brand in just Rs 100 crore in 1994. A year later in 1995, it sold a 51 per cent stake in Goodknight to Sara Lee and started a joint venture with the US-based consumer goods company. Later in 2010, GCPL acquired Sara Lee s 51 per cent stake for Rs 1,240 crore and merged the business into the company.

Godrej Consumer appoints Aasif Malbari as CFO; nominates Google's Puchalapalli as Independent Director

Sameer Shah, GCPL's current CFO, will move to a Group role, leading consumer investments, GCPL said in a statement on Monday.

Godrej Consumer appoints Aasif Malbari as CFO

Malbari is currently CFO of Tata Passenger Electric Mobility Limited and Director of Tata Motors Passenger Vehicles Limited.