Colgate Palmolive India, owner of a suite of oral and personal care brands, has acquired 25 per cent share capital of Hyderabad–based SS Oral Hygiene Products from the local shareholders on December 16 at an aggregate price of Rs 77,70,000. Before the development, Colgate Palmolive enjoyed 75 per cent holding of the share capital of SS Oral Hygiene Products.
Consequently SS Oral Hygiene Products has become a wholly-owned subsidiary of Colgate Palmolive, said the company in a statement to Bombay Stock Exchange.
Colgate-Palmolive (India) Limited is India’s leading provider of oral care products. The range includes toothpastes, toothpowder and toothbrushes under the Colgate brand, as well as a specialised range of dental therapies under the banner of Colgate Oral Pharmaceuticals. The company also provides a range of personal care products under brand name Palmolive.
— Shailesh Shah