Announced Mon, 15 Jun · 19:38 IST
Jyothy Labs to pursue legal action over Henkel's non-renewal of Pril, Fa brands
Regulatory & Legal View source PDF
JYOTHYLAB · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-0.4%1-day move
₹205.34
prior close
₹206.05
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.2+0.9+0.9+0.0-0.4-0.5-1.1-0.2-1.5-2.2-7.6-2.4——
Up moveDown movePending
AI summary
Jyothy Labs will pursue legal remedies against Henkel AG & Co. KGaA over its decision to not renew the Pril and Fa brand licenses. The License and Technology License Agreements were originally signed on May 31, 2011, covering manufacturing, distribution, marketing and sale of these brands. After discussions with Henkel, the Board decided to assert contractual rights on the exit and transition mechanism. Further material developments will be shared with the exchanges.
Likely market impact
Legal action creates uncertainty around Pril and Fa brands; potential revenue impact pending outcome. Watch for further updates from the company.