Pampers-maker to buy 51.8% stake in Merck India for â¹1,290cr
Pampers-maker Procter & Gamble (P&G) will acquire 51.80% stake for â¹1,290 crore in India-listed drug firm Merck. This is a part of the global deal, valued at about â¹27,728 crore, under which P&G will acquire German firm Merck's consumer health business. Approximately 3,300 employees, mainly from consumer health, will transition to P&G upon deal's completion.