With effect from 30 November 2015
Gillette India announced that the Company has been acting as an authorized distributor of 'Duracell' batteries pursuant to an arrangement entered into with its Affiliate Company, Procter & Gamble International Operations S.A.The Procter & Gamble Company U.S.A has decided to globally divest the business of 'Duracell'. As a result of such divestiture, Procter & Gamble International Operations SA has decided to terminate the distributor arrangement entered into with the Company.
The Company has received intimation from Procter & Gamble International Operations S.A. regarding termination of the distributor agreement. The Board of Directors of Gillette India have also been informed of the same.
As a result of the termination, the Company will not be acting as the distributor of 'Duracell' batteries with effect from 30 November 2015.
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