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Godrej Industries to divest its 43% stake in Godrej Hershey to the Hershey Company

Capital Market/ 15:30 , Sep 08, 2012

Godrej Industries to divest its 43% stake in Godrej Hershey to the Hershey CompanyGodrej Industries has announced that it has entered into a share purchase agreement to divest its 43% stake in Godrej Hershey to the Hershey Company for an undisclosed consideration. The transaction is expected to close by the end of second quarter, fiscal year 2012-13. Post the transaction, the company will become a wholly-owned subsidiary of the Hershey Company.The company made this announcement on 08 September 2012.

 



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