Premji Invest buys 216 crore stake in Hygienic Research Institute

Industry:    2015-12-08

MUMBAI: Premji Invest, the private equity arm of WiproBSE -0.65 % Group chairman Azim Premji, has picked up a minority stake in Hygienic Research Institute (HRI), the country’s third-largest hair colour maker known for Vasmol and Streax products. Premji Invest will put in Rs 216 crore (about $35 million), Hygienic Research Institute said in a statement, without providing details. People familiar with the transaction said Premji is acquiring a 20 per cent stake, valuing the Mumbai-ba .. Read more at: http://economictimes.indiatimes.com/articleshow/49536308.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

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