Godrej Consumer Buys Stake In Godrej Sara Lee From JV Partner
(RTTNews) – Godrej Consumer Products or GCPL announced that the company entered into an agreement with its joint venture partner, Sara Lee Corp. to acquire 51% stake in Godrej Sara Le, the leading household insecticide player in India for a consideration of 185 million euros.
The acquisition consolidates GCPL’s position in the Indian FMCG space making it the largest home and personal care portfolio in India after the MNCs.
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