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Godrej Consumer Products to buy 75% equity stake in Canon Chemicals

04 Feb 2016 Evaluate

Godrej Consumer Products' (GCPL) subsidiary has entered into an agreement with Canon Chemicals, for the acquisition of a majority equity stake (75% stake) in its business in Kenya. This acquisition helps GCPL in further building its presence in the Sub Saharan Africa market.

Canon Chemicals, a Kenya based company, manufactures and distributes products in the personal and home categories. Its major brand is Valon, a petroleum jelly. In 2015, the annualized revenue of the business was KSh 1,146 million.

Godrej Consumer Products is the largest home-grown home and personal care company in India.


Godrej Consumer Prod Share Price

1042.50 6.45 (0.62%)
08-May-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindustan Unilever 2287.90
Godrej Consumer Prod 1042.50
Dabur India 487.60
Colgate Palmol. (I) 2196.75
P&G Hygiene 9930.50
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