Acquires Ansell's stake in JV - JK Ansell
Raymond announced the acquisition of Ansell's stake in a joint venture entity known as JK Ansell. With this transaction, the sexual wellness and personal care business will continue to remain in JK Ansell which will become a wholly owned subsidairy of J K Investo Trade (India), a Raymond Group Company. As per the proposed deal, JKIT sells its stake in the glove business to Pacific Dunlop Holdings (Singapore) (Ansell Group Company).This acquisition will pave the way for Raymond to further scale up the FMGC business and unlock the immense potential of Brand KamaSutra globally.
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