Click it and Unblock the Notifications
Just In
Don't Miss
-
Rs. 60/Share Dividend: Record Date On 28 June; Buy The Bajaj Group Stock For 600% Payout? -
New Features Of The Ultraviolette F77 Mach 2: Uniting Performance, Safety, And Technology -
IPL 2024: Why did Rishabh Pant Apologize to Cameraperson after GT victory? -
Aadujeevitham Box Office Collection Day 29 Prediction: Strong Overall Performance Amidst Recent Decline -
When Will Vaishakh Month 2024 Start? Vrats And Festivals That Will Fall This Month, Complete List! -
JEE Main Result 2024 Out, Telangana's 15 Toppers Shine, Check Statewise List of 56 Candidates with Perfect 100 -
Escape to Kalimpong, Gangtok, and Darjeeling with IRCTC's Tour Package; Check Itinerary -
OPPO Find X7 Ultra Camera Deep-Dive: Pushing the Boundaries of Photography on a Smartphone
Godrej Consumer acquires Indonesian firm
Mumbai, Apr 7: Godrej Consumer Products Ltd (GCPL) has announced that it has sealed the deal to acquire Indonesian firm PT Megasari Makmur Group, as well as its distribution arm.
"The Megasari Group provides us a strong platform to establish a significant foothold in Indonesia, which is among the largest consumer markets in Asia," GCPL chairman Adi Godrej said in a statement on Tuesday, Apr 6.
According to analysts, the deal is valued at around Rs 1,000-Rs 1,200 crore.
Godrej said the acquisition will help to strengthen its presence in Asia, Africa and Latin America.
"Besides, it will also provide a platform for launching home care and personal care products from the Godrej stable in Indonesia," the company chairman added.
The Megasari acquisition is the fourth one by the company in the past two years, after Rapidol and Kinky in South Africa, and Tura in Nigeria.
OneIndia News
