Nature Essence listed for sale for Rs600 crore

Nature Essence listed for sale for Rs600 crore

Cosmetics maker Nature Essence has gone on sale for Rs600 crore and is hoping to attract investors such as Godrej, Emami, Dabur India and Marico.

According to Livemint.com, a source claims that the New Delhi-based beauty company has hired advisory firm Deloitte Touche Tohmatsu to help find a buyer.

Harsh Agarwal, Director Emami, is said to have denied interest in the company, however, smaller more regional brands such as Nature Essence have been eyed by many larger companies in a bid to expand their portfolios. Examples include the acquisition of Kerala-based Indulekha hair oil, purchased by Hindustan Unilever.

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