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Godrej Consumer Product (GCPL) would merge its two wholly owned overseas holding firms with itself.
Godrej Consumer Products Mauritius Ltd (GCPML) and Godrej Consumer Products US Holding Ltd (GCPUSHL) would be amalgamated with GCPL.
The company has said in a BSE filing that “Both the transferor companies are wholly owned subsidiaries of GCPL. As per the scheme GCPML and GCPUSHL will be amalgamated into GCPL.”
The company, however, also added that the scheme would be subject to requisite statutory approval in India and Mauritius.
