A 40 per cent share in market leading Chilean hair colorant and cosmetics company Cosmetica Nacional has been acquired by Godrej Consumer Products Ltd (GCPL), it was reported today.

According to a BSE Filing, GCPL said, “The company has completed the acquisition of balance 40 per cent stake in Cosmetica Nacional, a market leading hair colorant and cosmetics company in Chile.”

GCPL – part of the Godrej Group – previously acquired a 60 per cent share of the company in 2012, which the latest 40 per cent share seeing the company take full control of Cosmetic Nacional.

The latest acquisition continues GCPL’s string of purchases within the emerging markets.