Kkr Pays Rs 4,600 Cr For Majority Stake In Fogg Brand Owner Vini Cosmetics | Business Standard News

by business-standard.com posted 1month ago 1 views
Personal care company's founding members will continue to hold a stake in the business. : KKR will pay $625 million (Rs 4,600 crore) to buy a majority stake in Vini Cosmetics from the personal care company's founder group and PE firm Sequoia Capital, said the global investor Monday. Vini’s co-founder group--led by Darshan Patel, chairman and joint-managing director, and Dipam Patel, joint managing director--will continue to hold a significant stake and collaborate with KKR, said the investor. WestBridge Capital, an existing investor, will acquire a further stake from the founder group to increase its shareholding in Vini.

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