MUMBAI: German consumer products company HenkelBSE 1.20 % AG, which exited India in 2011, is returning to the country. Henkel plans to exercise an option to buy a 26 per cent stake in local fabric whitener and detergent maker Jyothy LaboratoriesBSE -1.39 %, which acquired the German company’s Indian unit, two people with direct knowledge of the development said. “Henkel is keen to purchase the stake and wants to exercise it before the deadline ends in March 2016,” one of the persons s ..
Source: Economic TimesHenkel plans India re-entry with purchase of 26% stake in Jyothy Laboratories
Industry: FMCG 2015-12-02
