Bajaj Consumer Care has completed acquisition of 49% equity share capital of Vishal Personal Care (Target Company) in tranche 1.
The company had entered into a Share Purchase cum Shareholders Agreement (SPSHA) with Peepul Capital Fund III LLC, Vishal Personal Care and others for acquiring 100% of the equity capital in the Target Company in 2 tranches (i.e., 49% of the equity share capital in tranche 1 and the remaining 51% in tranche 2).
Bajaj Consumer Care is one of the leading player in Hair oil category with brands like Bajaj Almond Drops Hair oil, Bajaj Brahmi Amla Hair Oil, Bajaj Amla Hair oil and Bajaj Jasmine Hair oil.
