WestBridge Capital Partners to invest Rs900 crore in Vini Cosmetics?

WestBridge Capital Partners to invest Rs900 crore in Vini Cosmetics?

WestBridge Capital partners is said to be planning to invest up to Rs900 crore in Vini Cosmetics, according to a report published by The Economic Times.

The Indian investment firm is said to be in talks with the manufacturer of Fogg Deodorant to acquire a 22.5 percent stake in the company, based on a valuation of Rs4,000 crore.

If it goes ahead, the deal would be the largest investment in an independently owned FMCG company in India. WestBridge’s investment is thought to replace early contributions from Bay Capital and analyst Nikhil Vora, who would both exit the company via the deal.

 

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