INSUBCONTINENT EXCLUSIVE:
Shares of Colgate-Palmolive (India) came under pressure on Friday, ending down 1.8% at ?1,168.95 on the BSE.
Colgate-Palmolive NSE Asia
grooming firm Bombay Shaving Company.
The primary investment is pegged at about ?18 crore ($2.6 million), with the Hong Kong arm of the
global consumer company leading the round and picking up a 14% minority stake in Bombay Shaving Company, according to documents filed with
the Registrar of Companies and accessed from data research platform Tofler
Existing investor Fireside Ventures also participated, the documents showed.
CLSA said the acquisition is small but it raises concerns on
governance due to category overlap
sure if Bombay Shaving Company will have an alliance with the listed Indian entity and if it does, what would be the potential commercial
terms.
Marico, Emami, United Spirits and Titan have acquired stakes in next generation businesses to understand evolving preferences of
consumers and channels, said CLSA.
