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Henkel may get until Nov to buy 26% stake in Jyothy Labs

Henkel may get until Nov to buy 26% stake in Jyothy Labs

Tuesday, April 18, 2017, 7:54 AM

The deadline for Henkel AG to exercise its option to acquire a 26% stake in Jyothy Laboratories may be extended to November, as the German consumer goods firm is keen to take at least a 50% ownership in its Indian partner gradually , according to the reports. Having a 50% stake will allow Henkel to consolidate the manufacturer of Ujala-fabric whitener in its books.
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