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GSL and Sara Lee in takeover talks

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The joint venture company of Godrej Group and US-based Sara Lee Corporation, Godrej Sara Lee (GSL), is said to be discussing the taking over of Sara Lee’s independent business unit in India. Sara Lee has 51 per cent stake in GSL, which is a household product company. GSL’s portfolio at present has products like Hit and Good Knight.

Sara Lee’s independent units in India, Sara Lee Household and Body Care India, sell brands like Brylcreem, Kiwi shoe polish and Kiwi Dranex.

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