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Thursday, November 23, 2000

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Reckitt EGM on Dec 11 to take up name change

Our Bureau

CALCUTTA, Nov. 22

RECKITT & Colman of India Ltd (RCI) has proposed to rechristen itself as Reckitt Benckiser (India) Ltd following the structural changes that took place overseas in December 1999.

According to company sources, the proposed new name has received approval from the Registrar of Companies, West Bengal and the management has decided to call an EGM on December 11 to secure shareholders' okay for the move.

According to the directors report for 1999, Reckitt & Colman Plc (the Indian outfit is its subsidiary) and Benckiser N.V. merged on December 3, 1999 and the holding company came to be known as Reckitt Benckiser Plc.

Reckitt Benckiser Plc holds 51 per cent stake in the Indian company, which has a six-member board comprising Mr Pranab Barua, Chairman and Managing Director, Mr K.N. Bhattacharya, Executive Director (Finance), Mr K.S. Ramesh, Executive Director (Marketin g), Mr S.B. Ghosh, Mr L.J.H. Becht and Mr Alfred Kurt Caspers - non-wholetime directors.

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