Palmolive gets green light to merge subsidiary with itself

Consumer goods major Colgate Palmolive India today said it has received the judicial approval to merge its wholly owned subsidiary, CC Health Care Products with itself.

Consumer goods major Colgate Palmolive India today said it has received the judicial approval to merge its wholly owned subsidiary, CC Health Care Products with itself. The High Court of Judicature at Andhra Pradesh has sanctioned the scheme of amalgamation of CC Health Care Products by its order dated August 11, 2010, the company said in a filing to Bombay Stock Exchange.

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Colgate Palmolive had applied to the High Court for the amalgamation with the company from April 01, 2009, which has
finally become effective from today.