GILLETTE INDIA LTD. - Termination of Distribution Agreement with Procter & Gamble International Operations S.A.<BR>
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| 01 Jul 2015 | |
| Gillette India Ltd has informed BSE that the Company has been acting as an authorized distributor of 'Duracell' batteries pursuant to an arrangement entered into with its Affiliate Company, Procter & Gamble International Operations S.A.<BR><BR>The Procter & Gamble Company U.S.A has decided to globally divest the business of 'Duracell'. As a result of such divestiture, Procter & Gamble International Operations SA has decided to terminate the distributor arrangement entered into with the Company.<BR><BR>The Company has received intimation from Procter & Gamble International Operations S.A. regarding termination of the distributor agreement. The Board of Directors of Gillette India Limited have also been informed of the same.<BR><BR>As a result of the termination, the Company will not be acting as the distributor of 'Duracell' batteries with effect from November 30, 2015. | |
| View all announcements for GILLETTE INDIA LTD. | Source: BSE India |
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