Drug firm Merck Ltd was recently renamed as Procter & Gamble Health Ltd following its acquisition by P&G.
“The company received approval from the Registrar of Companies, Mumbai, Maharashtra, for change of name from Merck Ltd to Procter & Gamble Health Ltd effective May 6, 2019,”according to the company press release.
Procter & Gamble Health Ltd MD Milind Thatte said, “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.
The decision to change the name of the listed entity in India follows the successful completion of P&G’s global acquisition of Merck KGaA, Darmstadt, Germany, according to reports.