SynopsisHonasa Consumer has secured a majority stake in Mumbai's hair therapy brand Fluence Pharma for Rs 135 crore. This move marks the company's second acquisition in under a year, following its purchase of Reginald Men in December.ETtechVarun Alagh and Ghazal Alagh, founders, Honasa ConsumerMamaearth parent Honasa Consumer is acquiring a majority stake in Mumbai-based hair therapy products brand Fluence Pharma at an enterprise value of Rs 135 crore, according to a stock exchange filing. This is the second acquisition by the Gurugram-based company in less than a year. In December, it had acquired 90% Hyderabad-based Reginald Men at an enterprise value of Rs 195 crore. ...moreElevate your knowledge and leadership skills at a cost cheaper than your daily tea.Subscribe Now
Honasa Consumer to acquire majority stake in hair therapy brand Fluence Pharma at Rs 135-crore valuation - The Economic Times
Honasa Consumer has secured a majority stake in Mumbai's hair therapy brand Fluence Pharma for Rs 135 crore. This move marks the company's second acquisition in under a year, following its purchase of Reginald Men in December.
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