FMCG major Godrej Consumer Products Ltd (GCPL) has announced investing Rs 100 crore in Early Spring, a new early consumer fund set up by Spring Marketing Capital (Spring).
Spring is creating a brand-first investment franchise that aims to support founders who are building the brands of
The Godrej group s FMCG arm GCPL will anchor a new Rs 300 crore early-stage consumer fund being set up by Spring, in addition to offering its expertise and experience to help founders build strong, sustainable companies.
The brokerage firm has a 'Buy' rating on the stock with a target price of Rs 638, suggesting a 54 per cent potential upside from Tuesday's close of Rs 414.8 on BSE.