Moneycontrol.com, 23 Jan 2012Shares of Godrej Consumer Products jumped over 8% on Monday morning after the company announced over the weekend that it was acquiring 60% stake in Chile's hair care and colour cosmetics maker Cosmetica Nacional.
At the same time, Temasek will acquire 4.9% stake in the fast moving consumer goods maker for Rs 685 crore, which the company will use to fund the Chilean acquisition and pare its debt. Full story
