Godrej Client Merchandise rose 2.86% to Rs 822.25 after the corporate stated it has offered its complete stake in Bhabani Blunt Hair Dressing (“Bublunt”) to Honasa Client for Rs 84.5 crore.

Honsa Client (HCPL), a direct-to-consumer model, mum or dad firm of Mamaearth, has acquired hair care, hair colour and styling merchandise model Bubblent from Godrej Client Merchandise (GCPL), in addition to Bubblent Salon operated by Bhabani Blunt Hair Dressing .

Godrej Client Merchandise will get a complete of Rs 84.5 crore from the disinvestment enterprise.

On a consolidated foundation, Godrej Client Merchandise’ internet revenue grew 5.08% to Rs 527.60 crore, registering a development of 8.08% in internet gross sales to Rs 3,302.58 crore in Q3 December 2021 as in comparison with Q3 December 2020.

Godrej Client Merchandise is an Indian shopper items firm. The corporate’s merchandise embrace soaps, hair dyes, cosmetics and liquid detergents.

operated by Capital Markets – Stay Information

(This story has not been edited by Enterprise Commonplace staff and is robotically generated from a syndicated feed.)

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