The deal was made through Godrej East Africa Holdings, its wholly owned subsidiary. Godrej Consumer Products acquired the balance 25 per cent in Canon Chemicals for an undisclosed amount. Following the completion of the acquisition, the Kenya based firm will become a wholly owned subsidiary of Godrej Consumer. The transaction was made through Godrej East Africa Holdings, its wholly owned subsidiary. The company had earlier acquired 75 per cent stake in Canon Chemicals in 2016 at an undisclosed sum. Godrej [...]
From oil and gas to FMCG, Indian companies made their mark around the world in recent weeks. India gets stake in Abu Dhabi oil Indian companies agreed to pay $600 million for a stake in one of Abu Dhabi’s biggest offshore oil concessions, securing a share in the emirate’s crude production for the first time. State-owned Oil and Natural Gas Corp and two other Indian companies will take a 10 per cent share of the concession to pump crude from [...]
Indian companies have been fairly active in the African continents, which offers the country an extremely lucrative market. Given China’s head-start in the region, India’s state-owned enterprise interest in Africa is long-overdue. Here are just some recent snapshots of the India-Africa story.