Investors and traders dealing in the shares of Godrej Consumer Products Ltd have been infused with much hope, thanks to a change in leadership. Godrej Consumer shares have risen over 20% since the announcement. Godrej Consumer shares had fallen 8% in just three trading sessions at the time. As pointed earlier, the new development marks a separation from Godrej Consumer being run as a promoter led company, to being led by a professional. Nisaba is the daughter of Adi Godrej, chairman emeritus of Godrej Consumer.

Source: Mint May 12, 2021 06:26 UTC