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Colgate Palmolive gets HC nod to merge with CC Health Care

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Consumer goods major, Colgate Palmolive India, has received the judicial approval to merge its wholly-owned subsidiary, CC Health Care Products, a Hyderabad-based tooth powder maker, with itself. The High Court of Judicature at Andhra Pradesh has sanctioned the scheme of amalgamation of CC Health Care Products in a filing to Bombay Stock Exchange. This move from Colgate is expected to boost the company’s share price.

Posted on: 8-9-2010

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