The Godrej group has decided to set up a mergers and acquisitions (M&A) ceil to explore opportunities in India abroad. Mr. Adi Godrej, Chairman, Godrej Group, said at a recent analysts meet, "We have great opportunities in geographical expansion, in channel expansion, and then getting into other countries in neighbouring Africa. We are exploring opportunities both in India and outside. The money raised through the rights issue will be used for acquisition opportunities."
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