Big deal from Godrej Consumer Products and Raymond | Jagran Business- Watch Video

Saumya JaiswarPublish Date: 29 Apr, 2023

In a big deal, the country's leading company Godrej Consumer Products has bought the FMCG business of Raymond Group in its portfolio. Godrej will soon acquire this business. Discussions were going on for a long time that Raymond Group is preparing to exit the FMCG business.

The deal has been done for Rs 2825 crore

According to a Business Today report, Godrej Consumer Products (GCPL) confirmed the deal on Thursday and said that it will acquire Raymond's consumer care business in a deal worth Rs 2,825 crore. According to the report, an all-cash deal of Rs 1000 to 1200 crore is possible in this deal. Let us tell you that Raymond Consumer Care is a subsidiary of Raymond Ltd. There is a huge demand for its Park Avenue Deodorant and other consumer care products.

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