Liquidity Events
Bajaj Consumer Care to acquire Vishal Personal Care for Rs.120-Cr
Mumbai-based Bajaj Consumer Care Ltd , a maker of personal care products, has acquired Hyderabad-based Vishal Personal Care Pvt Ltd , which sells hair and skincare products under the Banjara's brand.The acquisition will be completed in two tranches. Bajaj Consumer Care will initially acquire a 49% stake, followed by the remaining 51%. The total transaction value is estimated at INR 120 crore, with an enterprise value of about INR 108.3 crore. This marks the company's first acquisition till date.Bajaj Consumer Care will acquire Vishal Personal Care from its existing shareholders, including private equity firm Peepul Capital, which invested in the firm in 2012 from its USD 320 million Peepul Capital III fund.Vishal Personal Care reported revenues of INR 51 crore in fiscal year 2024. Banjara's, founded in 1991, sells herbal powders, aloe vera gels, shampoos, and hair care powders with over 70,000 outlets across the five southern states.
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