Godrej Consumer Products (GCPL) has entered into an agreement to acquire the FMCG business of Raymond Consumer Care (RCCL), a leading player in the deodorants and sexual wellness categories in India. The RCCL FMCG business is being sold to GCPL along with the trademarks of Park Avenue (for the FMCG category), KS, KamaSutra and Premium, through a slump sale. The cost of acquisition is Rs 2825 crore. The said acquisition is expected to be completed by May 10, 2023.
Godrej Consumer Products is a leading emerging markets company.
| Company Name | CMP |
|---|---|
| Hindustan Unilever | 2235.50 |
| Godrej Consumer Prod | 1104.25 |
| Dabur India | 442.25 |
| Colgate Palmol. (I) | 2129.80 |
| P&G Hygiene | 9948.35 |
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