Procter & Gamble Hygiene and Healthcare, India has informed the Bombay Stock Exchange that its parent company Procter & Gamble Asia Holding (PGAH) which holds 65.37 per cent equity in the company is having a change in ownership.
The ownership of the company however will remain within the group of the companies. The parent company for PGAH will now be Procter & Gamble Canada Holding instead of Procter & Gamble Bermuda Holding.
The change in ownership will come into effect on August 10 as Procter & Gamble Global Holdings, Bermuda sell its 100 per cent shareholding in Procter & Gamble Asia Holding to Procter & Gamble Canada Holding BV.
This is an inter transfer within the group and is therefore exempt from SEBI takeover code regulations 10, 11 and 12.
