According to the company, it has signed an agreement for divestment of its 50 per cent shareholding in KCL in favour of Kimberly-Clark Corporation, US.
"This decision is in line with the company's objective to focus on its core business," the company said in a BSE statement.
"Accordingly, KCL shall cease to be a joint venture of the company," it added. KCL makes and sells the "Kotex" and "Huggies" brands since 1995.
"The company shall work with KCC to ensure a smooth transition for the business," the statement added.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
About VDC
Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.