Chennai: Drug firm Merck Ltd has announced that it has been renamed as Procter & Gamble Health Ltd following P&G’s global acquisition of the consumer health business of Merck KGaA, Germany.
“The company has received approval from the Registrar of Companies, Mumbai, Maharashtra, for change of name from Merck Ltd to Procter & Gamble Health Ltd effective 6 May,” Merck said in a filing to the BSE.
The company is taking necessary steps to comply with the formalities and documentation, as may be required by the stock exchanges to record the said change in its records, it added.
It said that the decision to change the name of the listed entity in India follows the successful completion of P&G’s global acquisition of the consumer health business of Merck KGaA, Darmstadt, Germany. The consumer health business was transferred to P&G on 1 December last year, the firm said in its filing.
PTI reported that, MD, Procter & Gamble Health Ltd, Milind Thatte, as saying, “Our new name reflects our new identity as part of the P&G Group and signifies the coming together of strong consumer health capabilities and cultures.”
“We are working towards leveraging our combined expertise to develop categories and brands that meet today’s needs and tomorrow’s opportunities,” he added.
Procter & Gamble Health Ltd will be a part of P&G’s Personal Health Care International Business Unit led by Uta Kemmerich-Keil (vice-president, Personal Health Care International), the company said.