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P&G Overseas to acquire 3.35% stake in P&G Hygiene

P&G Overseas to acquire 3.35% stake in P&G Hygiene
outlookindia.com
1970-01-01T05:30:00+0530

New Delhi, Mar 24 (PTI) P&G Hygiene and Healthcare today said P&G Overseas India will acquire 3.35 per cent stake in the company for Rs 763 crore from Rosemount LLC, a parent group firm.

Procter and Gamble Overseas India BV (PGOI BV), a wholly- owned subsidiary of Procter and Gamble Company, USA, will buy 10.88 lakh equity shares of P&G.

PGOI BV will acquire stake on April 1 for Rs 7,016 per share, P&G said in a BSE filing. At that price, the transaction will be worth Rs 763.43 crore.

Shares of Procter and Gamble Hygiene and Health Care (PGHH) closed 0.13 per cent higher at Rs 6,952.15 per piece on BSE.


Disclaimer :- This story has not been edited by Outlook staff and is auto-generated from news agency feeds. Source: PTI

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