Godrej Consumer Products along with one of its wholly owned subsidiaries has entered into an agreement for divesting its entire stake in wholly owned subsidiary viz. Godrej East Africa Holdings, Mauritius.
Upon the completion of the deal, Godrej East Africa Holdings along with its step down subsidiaries viz. DGH Tanzania, Mauritius, Charm Industries, Kenya and Sigma Hair Industries, Tanzania will cease to be subsidiaries of the Company. The deal shall be subject to various regulatory approvals in the respective countries.
Godrej Consumer Products is a leading emerging markets company.
