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Global Shared Services Organization has an $11 million price tag.
March 25, 2013
By: TOM BRANNA
Editor
Colgate-Palmolive (India) Ltd. will sell its Global Shared Services Organization division to a unit of its holding company, U.S.-based Colgate Palmolive Co., for 598.9 million rupees ($11.1 million). The Global Shared Services Organization division will be sold to Colgate Global Business Services Pvt. Ltd. in what is known as a “slump sale,” where a business undertaking is transferred for a lump sum consideration, without individual values being assigned to each assets and liabilities...
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