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Duracell, WSIL merge with ISPL

NEW DELHI, FEBRUARY 9: The board of Indian Shaving Products Limited ISPL on Wednesday approved a merger of Duracell India Ltd and Wilk...

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NEW DELHI, FEBRUARY 9: The board of Indian Shaving Products Limited ISPL on Wednesday approved a merger of Duracell India Ltd and Wilkinson Sword India Ltd WSIL with the company.

Indian Shaving Products, a subsidiary of Gillette Company of the United States, said on Wednesday that its post-tax profit in 1999 was Rs 19.5 crore. The company, which switched to a financial year coinciding with the calendar year in 1999, said its sales rose 25 percent and post-tax profit 10 percent when compared with an annualised figure for the April-December period of 1998.

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