Baytree Investments ( Mauritius) an arm of Singapore based Temasek is investing $136million in Godrej Consumer Products Limited( GCPL). The fund infusion will enable GCPL to retire part of its debt and fund acquisitions, GCPL has recently acquired a 60% stake in Cosmetica Nacional,a Chilean company for about $60million and the new infusion from Baytree will allow it to maintain a a strong balance sheet and a debt: equity ratio of around 1:1.
