Honasa Consumer (NSE:HONASA, BOM:544014) has completed the acquisition of a 95% stake in BTM Ventures, which offers men-focused personal care products under the brand Reginald Men.
The personal care goods company made a secondary purchase of equity shares valued at 1.98 billion Indian rupees, according to a Tuesday filing to the Indian stock exchanges.
As a result of the transaction, BTM Ventures has become a subsidiary of Honasa Consumer.
The company's shares were up nearly 2% in recent trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments