Godrej Consumer shares jump on tie-up with Darling Group

Shares in Godrej Consumer Product jumped smartly today after the company announced an agreement for exclusive rights to include the hair extensions business in Kenya and exports to other East Africa geographies in its partnership with the Darling Group.

"The transaction is expected to close after obtaining necessary regulatory approvals. The Godrej Darling business will include about 65% of the overall Darling Group business," the company said.

The shares of Godrej Consumer were last traded at Rs 668, up Rs 4 over Monday's close.

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