Colgate-Palmolive, engaged in the business of household, health care and personal products, has signed the memorandum of understanding (MoU) for sale, transfer of industrial land & building located at Waluj, MIDC, Aurangabad on 'as is basis'.
The said Industrial Land & Building was earlier used as the Toothbrush manufacturing facility which was closed in May 2015.
The company has identified a suitable buyer, to whom the said property will be sold / transferred on a mutually acceptable terms and conditions.
Shares of the company declined Rs 4.15, or 0.42%, to settle at Rs 976.90. The total volume of shares traded was 61,230 at the BSE (Thursday).