Bajaj Consumer Care Limited has completed the acquisition of 49% equity stake in Vishal Personal Care Private Limited, marking the first phase of its 100% acquisition plan.
Key Highlights of the Acquisition:
- Agreement Signed: A Share Purchase cum Shareholders Agreement (SPSHA) was executed on February 14, 2025.
- Total Acquisition Plan: Bajaj Consumer Care to acquire 100% stake in two tranches:
- Tranche 1: 49% stake acquisition (completed on March 10, 2025).
- Tranche 2: Remaining 51% stake to be acquired later.
- Target Company: Vishal Personal Care Private Limited, a player in the personal care sector.
- Transaction Partner: Peepul Capital Fund III LLC, one of the existing shareholders.
Strategic Significance:
- Strengthens Bajaj Consumer Care’s position in the personal care segment.
- Expands its product portfolio by integrating Vishal Personal Care’s offerings.
- Supports long-term growth through acquisitions and market diversification.
Next Steps:
Bajaj Consumer Care is expected to complete the second tranche acquisition in due course, securing full ownership of Vishal Personal Care. The company has also disclosed the acquisition details under SEBI (LODR) Regulations, 2015.
TOPICS:
Bajaj Consumer Care