Colgate Palmolive India has divested its stake in Camelot Investment Company, a wholly owned subsidiary of the company.
Camelot had set up a facility at Waluj, Aurangabad, to manufacture premium toothbrushes. The facility became operational in 1997.
However, the under utilisation of capacity and the excise duty implications, have made the unit economically unviable. Hence, Camelot has decided to discontinue operations from March 21, 2003.
Based on the company
