Date:05/07/2006 URL: http://www.thehindu.com/2006/07/05/stories/2006070502431600.htm

Business - Briefly

Godrej Consumer eyes South African brand

CHENNAI: Godrej Consumer Products has entered into an agreement for the acquisition of the South African hair colour business of Rapidol of the U.K., as well as its subsidiary, Rapidol International, which had a combined turnover of 52 million South African Rand, (Rs. 33 crore) in 2005. It proposes to complete the acquisition through a 100 per cent cash deal, subject to certain regulatory approvals, says a company release.