Hotline: 1800 102 2007
Hotline: 1800 102 2007
Apr, 25 2017

Shares of JHS Svendgaard Laboratories Ltd rises after its settlement with P&G

The company has alleged that P&G had signed agreements with it in 2009-10 to manufacture toothbrush, toothpastes and detergent under its brand Oral B and Tide, but wrongfully terminated its production contract.

Shares of JHS Svendgaard Laboratories Ltd rises after its settlement with P&G

Delhi-based, JHS Svendgaard Laboratories Ltd (JHS) announced that it has settled ongoing disputes with FMCG firm Procter and Gamble (P&G) out of court.

The company has alleged that P&G had signed agreements with it in 2009-10 to manufacture toothbrush, toothpastes and detergent under its brand Oral B and Tide, but wrongfully terminated its production contract.

In a BSE filing, JHS said, "This is inform that the ongoing disputes at various courts between the company and various group companies of Procter & Gamble Inc. in India, have been settled with mutual consent and concluded positively for JHS."

After the announcement, shares of JHS Svendgaard Laboratories were trading 7.85 per cent higher at Rs 57 on the BSE.

The company added, "The settlements clear contingent liabilities to the tune of Rs 206.15 crore, from the balance sheets of JHS."

sharebtn
Comment
user
email
mobile
address
star
Related opportunities
  • Women's Clothing
    500 fashion store is fashion value format, Selling everything at..
    Locations looking for expansion Haryana
    Establishment year 2017
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 320
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Gurgaon Haryana
  • Bike Maintanance & Repair Services
    Why Partner with The Mechanic? JOIN US FOR QUALITY  The Mechanic is an..
    Locations looking for expansion Gujarat
    Establishment year 2018
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 600
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater surat Gujarat
  • Automobile Maintanance Related
    Fixigo is the Region’s first and largest vehicle servicing brand..
    Locations looking for expansion Delhi
    Establishment year 2020
    Franchising Launch Date 2020
    Investment size Rs. 5lac - 10lac
    Space required 00
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: TTK Prestige Limited - India’s largest kitchen ware company..
    Locations looking for expansion KARNATAKA
    Establishment year 1957
    Franchising Launch Date 2003
    Investment size Rs. 10lac - 20lac
    Space required 400-1000 sft
    Franchise Outlets 500-1000
    Franchise Type Unit, Multiunit
    Headquater BENGALURU KARNATAKA
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities