Tuesday, June 16, 2009

Godrej Consumer buys out unit from JV partner

Personal care products maker Godrej Consumer Products Ltd on Monday it has completed acquisition of the balance 50 percent in Godrej SCA Hygiene Ltd.

Godrej SCA Hygiene was an equal joint venture with Sweden's SCA Hygiene Products A.B.

As per the share purchase agreement with the Swedish firm, Godrej SCA Hygiene Ltd becomes a wholly-owned unit of Godrej Consumer Products Ltd, it said in a statement to the stock exchange.

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