Colgate Palmolive India Q2 Net Up 21% At Rs 157 Crore

The Indian Cash Cow

If it were a murder, it would have been the perfect murder. It was quick and quiet. In February, while India’s corporate governance vigilantes obsessed over Maruti and its deal with Japanese parent Suzuki, Alstom Transport India, a wholly owned subsidiary of French engineering major Alstom, bought out the transportation division of Alstom India, another arm of Alstom. The division was sold for Rs 176.9 crore, a figure far lower than the division’s sales for the previous 12 months, leaving minority shareholders of the Indian arm high and dry.