Godrej Consumer Products (GCPL) announced on Friday that the company has entered into an agreement with the Darling Group for increasing its shareholding in Darling South Africa and Mozambique businesses by 4.63%, in line with its intent of gradually scaling up its ownership of the Darling businesses.

GCPL had completed the acquisition of 51% stake in Darling South Africa in September 2011 and in Darling Mozambique in October 2011.

Shares of the company declined Rs 0.3, or 0.1%, to trade at Rs 286.90. The total volume of shares traded was 41,335 at the BSE (3.31 p.m., Friday).