June 29 (Reuters) – Personal care products maker Godrej Consumer Products Ltd (GOCP.BO) on Tuesday launched a $87 million share sale to institutions, two sources with direct knowledge told Reuters.
The issue has an option to be raised to $130 million, they said.
Godrej is selling shares to institutions at 345 rupees per share, sources said adding that the issue is likely to be closed by evening.
Kotak Mahindra Bank (KTKM.BO) and HSBC Holdings Plc (HSBA.L) are the bankers to the issue. (Reporting by Nandita Bose and Indulal P.M.; Editing by Surojit Gupta) ((nandita.bose@thomsonreuters.com; tel: 91 22 6636 7374; Reuters Messaging: nandita.bose.reuters.com@reuters.net)) (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com)
