Godrej Consumer gains on 100% buy out of Cosmetica Nacional
The company announced the acquisition of balance 40% stake in Chile-based Cosmetica Nacional.
 "Godrej Consumer gains on 100% buy out of Shares of Godrej Consumer Products were up nearly 2% at Rs 1,230 after the company announced the acquistion of balance 40% stake in Chile-based Cosmetica Nacional. It may be recalled that in January 2012 Godr")
Shares of Godrej Consumer Products were up nearly 2% at Rs 1,230 after the company announced the acquistion of balance 40% stake in Chile-based Cosmetica Nacional.
It may be recalled that in January 2012 Godrej Consumer Products had acquired 60% stake in Cosmetica Nacional in an effort to strengthen its presence in Latin America.
Cosmetica Nacional is a market leading Hair Colorant and Cosmetics Company in Chile.
The stock opened at Rs 1,225 and touched a high of Rs 1,244. At 12:10PM, over 222,000 shares were traded on both the stock exchanges.
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First Published: Sep 11 2015 | 12:11 PM IST