Deals
Godrej Advances in Mumbai on Plan to Acquire Argencos
This article is for subscribers only.
Godrej Consumer Products Ltd., India’s second-biggest maker of bath soap, rose after agreeing to buy Argentine hair-color maker Argencos, the Indian company’s second Latin American purchase in the past two weeks.
The stock gained 3.1 percent to 336 rupees as of 9:17 a.m. in Mumbai, compared with a 1.4 percent gain in the benchmark Sensitive Index. Godrej climbed as much as 10.4 percent earlier.