P&G acquires 41.02% stake in Gillette India
Consumer products company Gillette India Limited on Tuesday said Procter and Gamble India holdings has acquired 41.02 per cent stake in the company.
By PTI |
MUMBAI: Consumer products company Gillette India Limited on Tuesday said Procter and Gamble India holdings has acquired 41.02 per cent stake in the company.
Procter and Gamble India has acquired 41.02 per cent stake, representing 1.33 crore shares of Gillette India, on June 29 and the mode of acquisition is an inter-se transfer within the group, the company informed the National Stock Exchange.
Procter and Gamble and Gillette Co, the US-based parent company of Gillette India Ltd, had agreed to merge in a $57 billion deal in 2005.
Shares of the company were trading at Rs 748.20, up 1.21 per cent on the NSE.
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