M&A

M&A

Patanjali Foods to buy Patanjali Ayurved's home, personal care biz for Rs.1,100-Cr

BSE Disclosure   Economic Times  

Publicly listed Patanjali Foods Ltd (PFL) is to acquire the home and personal care (HPC) business from promoter group firm Patanjali Ayurved Ltd (PAL) for INR 1,100 crore. Patanjali Ayurved’s HPC business spans four segments: dental care, skin care, home care, and hair care.The acquisition includes all assets and liabilities related to the HPC business, as well as employees, distribution networks, contracts, licences, permits, consents, and approvals essential for the firm’s operation.