Colgate Palmolive up stake in CC Health Care to 100%

Colgate Palmolive up stake in CC Health Care to 100%

Mumbai: Fast moving consumer goods major Colgate Palmolive on Monday said that it increased its shareholdings in the Hyderabad-based tooth powder manufacturer CC Health Care Products to 100%.

Colgate Palmolive India currently hold 75% stake in the Hyderabad-based company.

In a filing to the Bombay Stock Exchange (BSE), the company said that it has acquired the remaining 25% of the share capital from local shareholders at an aggregate price of Rs69.07 lakh. “And accordingly, CC Health Care Products has become a wholly-owned subsidiary of the Colgate Palmolive," the filing said.

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