Godrej Consumer Products Ltd (GCPL) today said it has divested its entire stake in its UK business, Godrej Consumer Products UK Ltd, to JZ International effective immediately for GBP 34 million (over Rs 310 crore).
Commenting on the development, GCPL Executive Chairperson Nisaba Godrej said: "As we build on our presence in these emerging markets and sharpen our strategic focus, we have decided to divest our UK business."
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