"The Procter & Gamble company USA has decided to globally divest the business of 'Duracell'. As a result of such divestiture, Procter & Gamble International Operations SA has decided to terminate the distributor arrangement entered into with the company," Gillette India said in a BSE filing.
Gillette has been acting as an authorised distributor of 'Duracell' batteries pursuant to an arrangement entered into with its affiliate company, Procter & Gamble International Operations SA.
Shares of Gillette India closed at Rs 4,574.70 apiece on BSE, up 0.20 per cent from their previous close.
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