Bajaj Consumer Care Limited — Important, 14-02-2025: General Updates

Bajaj Consumer Care Limited's board has approved the acquisition of Vishal Personal Care Private Limited, marking a strategic move to enhance its portfolio. The deal involves acquiring 100% equity shares in two tranches: the first tranche of 49% and the second tranche of 51%. This acquisition targets a cash consideration of approximately INR 120 crore against an enterprise value of INR 108.3 crore. The target company, incorporated in 2012, focuses on ayurvedic and herbal personal care products, with a turnover of INR 51.53 crore for FY 2023-24. The acquisition is aimed at expanding Bajaj Consumer Care's distribution and innovation capabilities, particularly in Southern India, which could offer significant growth opportunities. Completion of the acquisition is expected within 3-4 months, pending closing conditions.