Mumbai, Sept 23 :     Godrej Soaps (GSL) is divesting a 22.5 per cent stake in the household insecticide major, Godrej Sara Lee (GSLL), to holding company Godrej & Boyce for a consideration of Rs 99.47 crore in an effort retire high-cost loans and reduce interest outflows. The selloff, part of the financial restructuring exercise initiated within the group, will leave Godrej Soaps with a 25.5 per cent stake in the Sara Lee venture. GSLL, in which the US-based Sara Lee holds the majority stake, makes household insecticides such as GoodKnight, Jet and Banish. The divestment decision, based on a valuation advisory report submitted by a chartered accountant firm, comes after Godrej Foods sold its stake in Godrej Pillsbury to the holding company, Godrej Soap officials said Godrej Soaps has recently kicked off a restructuring exercise to improve efficiency and boost profits. One of these was the move to buy-back detergent brands such as Ezee, Trilo and Key. Godrej Soaps has embarked on an Operational Efficiency Enhancement Project with Andersen Consulting, Booz Allen Hamilton and Kotak Mahindra as advisors. The Sara Lee venture, earlier known as Godrej Hi-care, coordinated the sales and distribution of GSL?s products, but these functions were given back to Godrej Soaps in January this year. This was followed by an organisational restructuring under which various business segments of Godrej Soaps were reorganised into two divisions - consumer products and chemicals. ?The financial restructuring is one more step towards boosting our growth and profitability, besides maximising returns to shareholders,? Godrej Soaps? managing director Adi Godrej said here today.