Colgate Palmolive sells 11% pie in Indian unit

The acquisition of 1,48,79,426 shares became effective from September 1, 2005, Colgate Palmolive, India informed the National Stock Exchange on Monday.

The mode of acquisition was through market purchase or inter se transfer, it said. After the acquisition the shareholding of Colgate-Palmolive company, New York, in its Indian subsidiary has become 40.06 per cent, it added.