Indian FMCG major, Godrej Consumer Products Ltd, is wary of acquiring domestic firms due to the financial viability of such deals due to over-valuation. “Our first priority will be acquisitions in India, although there is not much in play here. Typically, valuations tend to be much higher than what we are comfortable with. There is no problem with high valuation if on integration we get a lot more,” says Adi Godrej, Chairman, Godrej Group.
Posted on: 29-9-2010