HKG Africa Weave Limited agreed to acquire Godrej East Africa Holdings Limited from Godrej Consumer Products Limited (NSEI:GODREJCP) for approximately INR 300 million on February 19, 2024. The reported net worth of Godrej East Africa Holdings Limited as of February 19, 2024 is approximately INR 650 million. The deal shall be subject to various regulatory approvals in the respective countries.

The transaction is expected to close between Quarter four FY 2024 to Quarter one FY 2025.