Wipro Consumer Care and Lighting on Monday said it has signed a definitive agreement to acquire Splash Corp., Philippines’s largest personal care company. Splash, which clocked $80 million revenue last year, owns brands...
Ruchi Soya insolvency: Lenders to meet Friday to consider Patanjali’s revised offer
Lenders of debt-ridden Ruchi Soya NSE 2.19 % will meet Friday to consider the revised bid of Baba Ramdev’s Patanjali Ayurved to acquire Madhya Pradesh-based edible oil firm, according to sources. Patanjali had...
Gitanjali Gems headed for liquidation
Gitanjali Gems, a BSE listed jewellery retailer promoted by absconding businessman Mehul Choksi, is headed for liquidation after most of its lenders decided not to extend a 180-day deadline to complete its corporate...
Lotus Herbals plans acquisitions, may sell stake to raise funds
Home-grown personal care and cosmetics brand Lotus Herbals, which has been wooed aggressively by large companies including L’Oreal and DaburNSE -0.17 %, has begun scouting for acquisitions and is in talks with...
L’Oréal eyeing acquisitions in India’s cosmetics market
The local arm of the world’s largest cosmetics company, L’Oréal, is scouting for acquisitions in the skin and make-up market in India, said a top company executive, adding that it seeks to capitalize on the country’s...
Titan hikes stake in CaratLane to 69.47% for ₹99.99 crore
Watch and jewellery retailer Titan Company has increased its stake in jewellery retailer CaratLane to 69.47% for₹99.99 crore, the company said in a regulatory filing on March 31. “Titan Company has subscribed to...
Samara buys majority in skin-care brand Nature’s Essence
Samara Capital, a private equity fund focused on midmarket buyouts, has acquired the majority stake in Nature’s Essence in a deal worth Rs 200 crore, giving the New Delhi-based cosmetics brand an enterprise value...
Bajaj Consumer hits 52-week low after promoter stake sale
Shares of Bajaj Consumer Care (formerly Bajaj Corp) hit a 52-week low of Rs 308, down 3 per cent on the BSE in intra-day trade on Wednesday, after the promoter Bajaj Resources sold nearly 7 per cent of its holding via...
Spanish perfume maker Puig to invest ₹100 crore in Kama Ayurveda
Puig, a spanish fragrance maker known for brands such as Prada and Paco Rabanne, has invested ₹100 crore for a minority stake in Kama Ayurveda, a homegrown ayurvedic beauty and personal care brand, the companies said in...
DSG Consumer invests in personal care start-up Arata Zero Chemicals
Arata Zero Chemicals, a personal care start-up which makes vegan and chemical free unisex skin and hair care products, said it has raised seed funding in a round led by venture capital fund DSG Consumer Partners. Utsav...
Hong Kong’s L’Occitane says to buy skincare brand ELEMIS for $900 million
Beauty products maker and retailer L’Occitane International S.A. (0973.HK) said it will buy beauty and skincare brand ELEMIS for a maximum of $900 million as the Hong Kong-listed firm aims to build a portfolio of...
BM Khaitan rolls out sale plan for flagship Eveready
The B M Khaitan-led Williamson MagorNSE 20.00 % is selling its flagship Eveready NSE 13.87 % Industries, a leader in dry cell batteries and flashlights, triggering an auction process for one of the country’s oldest...
