Godrej Cons may raise funds via QIP-Chairman

Godrej Consumer Products Ltd may consider raising equity capital via qualified institutional placement for funding upcoming acquisitions,a top official said on Thursday.

For the present two acquisitions in Nigeria and Indonesia we dont need to raise capital. But for any further acquisitions such as the 51 percent in Godrej-Sara Lee we may need to raise some equity,may be a combination of further debt and equity,Chairman Adi Godrej told newschannel CNBC-TV18.

The likely way of doing the equity raising would be QIP,he added.

He also said he expects to close the Sara Lee acquisition in the ‘not too distant future’.