Godrej Consumer Products has divested its entire stake (including the incremental equity stake arising out of conversion of convertible debentures) in Bhabani Blunt Hair Dressing and the right to use the ‘BBLUNT’ brand name to manufacture and sell ‘BBLUNT’ branded products to Honasa Consumer, the parent company of direct to consumer brand, Mamaearth. Total consideration proposed to be received by the company on closing of the transaction is Rs 84.5 crore.
Godrej Consumer Products is a leading emerging markets company.
