(20 second reading) Godfrey Phillips India signed an agreement with Ferrero India Pvt. Ltd for the distribution and resale of select sweet-packaged food products manufactured by Ferrero through its network.
Ferrero, a subsidiary of the Italy-based Ferrero Group known for its premium chocolates.
Godfrey Phillips India produces a range of cigarette brands, including Four Square, Red & White, Cavanders, Stellar, Focus, Originals International, and others.
The initial agreement pertains to the distribution of Ferrero products in the domestic market in India for two years, the company informed the bourses.