Updates: Godrej Industries

Thebullishtrends: Godrej Inds shares are trading at Rs.426(-1%). Godrej Industries Ltd has signed a Definitive Agreement with RFCL Ltd to transfer the Medical Diagnostics business as a going concern effective close of working hours on December 31, 2007. This sale approved by the Board of Directors, subject to shareholders' approval, on November 26, 2007.Further Godrej Industries has informed that, the shareholders of the Company had approved the sale at the Extraordinary General Meeting held on December 28, 2007.