Bangladesh unit to go on stream from June 2008
FMCG firm Jyothy Laboratories' (JLL) on Saturday said its joint venture in Bangladesh will start production by June next year.
By PTI |
KOCHI: FMCG firm Jyothy Laboratories' (JLL) on Saturday said its joint venture in Bangladesh will start production by June next year.
JLL products have 70 per cent market share in Bangladesh, company's Managing Director M P Ramachandran told reporters here.
Most of the company's products, including bleaching agent Ujala, were now being exported to that country, he said.
Ramachandran said the company is setting up a manufacturing unit in Himachal Pradesh for on of its products - Stiff and Shine that will be marketed throughout the country.
On its IPO, which closes on November 27, he said so far the response has been excellent.
Jyothy Laboratory has 28 lakh retail outlets in India. Ujala has 72 per cent market share in the country and 98.5 per cent in Kerala, he said, adding that Maxo repellent had 31 per cent market share in rural areas.
The initial public offer will constitute 30.52 per cent of the fully diluted post offer paid up capital of the company. It would include shares of promoters including Canzone Ltd, ICICI Bank Canada, ICCI Bnak UK PLC, South Asia Regional Fund and CDC Investment Holdings.
JLL products have 70 per cent market share in Bangladesh, company's Managing Director M P Ramachandran told reporters here.
Most of the company's products, including bleaching agent Ujala, were now being exported to that country, he said.
Ramachandran said the company is setting up a manufacturing unit in Himachal Pradesh for on of its products - Stiff and Shine that will be marketed throughout the country.
On its IPO, which closes on November 27, he said so far the response has been excellent.
Jyothy Laboratory has 28 lakh retail outlets in India. Ujala has 72 per cent market share in the country and 98.5 per cent in Kerala, he said, adding that Maxo repellent had 31 per cent market share in rural areas.
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The initial public offer will constitute 30.52 per cent of the fully diluted post offer paid up capital of the company. It would include shares of promoters including Canzone Ltd, ICICI Bank Canada, ICCI Bnak UK PLC, South Asia Regional Fund and CDC Investment Holdings.
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