Raymond furthers visibility in FMCG sector with stake in Ansell
Shital Jibhe / 18 Aug 2017
In order to scale up its FMCG business and create more value for the ‘Kama Sutra’ brand on a global level, Raymond has acquired 50% of Ansell’s stake in a joint venture called J K Ansell Private Ltd.
In order to scale up its FMCG business and create more value for the ‘Kama Sutra’ brand on a global level, Raymond has acquired 50% of Ansell’s stake in a joint venture called J K Ansell Private Ltd. The sexual wellness and personal care business will continue to remain with J K Ansell, which will become a wholly-owned subsidiary of J K Investo Trade (India) Ltd. (JKIT), a Raymond Group company.
As part of this deal, JKIT has sold its stake in the gloves business to Pacific Dunlop Holdings (Singapore) Pte. Ltd., an Ansell Group company. Raymond’s FMCG business currently has a retail presence through 0.25 million outlets, including 90,000 pharmacies in the country and exports to South East Asia, the Middle East and Africa.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.