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Henkel India to merge with Jyothy Laboratories

14 Jun 2012 Evaluate

Henkel India will be merged with Jyothy Laboratories, which acquired majority stake in Henkel last year. In this regard, Henkel India has scheduled a board meeting on June 15, 2012 to consider the scheme of amalgamation.

Last year, Henkel India became a subsidiary of Jyothy Laboratories consequent to the selling of 50.87 percent stake in Henkal India held by Henkel AG & Co. of Germany.

The company along with its subsidiaries manufactures and markets a range of world class detergents, cleansers, cosmetics and hair care products. It operates in three strategic areas of competence - Home Care, Personal Care, and Adhesives, Sealants and Surface Treatment.

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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