Bajaj Consumer Care acquires Vishal Personal Care
Bajaj Consumer Care has announced the acquisition of Vishal Personal Care for an estimated transaction value of ₹120 crore. Under the terms of the deal, the owner of Bajaj Almond Drops will purchase a 100 percent stake in the Bajara’s manufacturer in a two-part transaction. The post Bajaj Consumer Care acquires Vishal Personal Care appeared first on Global Cosmetics News.
THE WHAT? Bajaj Consumer Care has announced the acquisition of Vishal Personal Care for an estimated transaction value of ₹120 crore. Under the terms of the deal, the owner of Bajaj Almond Drops will purchase a 100 percent stake in the Bajara’s manufacturer in a two-part transaction.
THE DETAILS Vishal Personal Care along with its brand Banjara’s has annual revenue of more than ₹50 crore. The company maintains high single-digit EBITDA margins and operates debt-free with positive cash flow.
THE WHY? Jaideep Nandi, Managing Director of Bajaj Consumer Care, explains, “[The] acquisition of Vishal Personal Care is a strategic step in strengthening Bajaj Consumer Care’s footprint in the five southern markets. The addition of Banjara’s to our portfolio enhances our ability to serve the evolving consumers across India, while also complementing our product range for further expansion.”
The post Bajaj Consumer Care acquires Vishal Personal Care appeared first on Global Cosmetics News.
