KKR buys 54% Stake in Vini Cosmetics for Rs 4,600 crore

Global private equity fund KKR said it’s investing $625 million (Rs 4,600 crore) for a controlling stake in Vini Cosmetics, betting big on India’s personal care and beauty market. The investment is the largest PE-led buyout of a consumer goods company in India and ranks among the top M&A deals in the consumer sector.

Existing investor WestBridge Capital will acquire an additional stake from the founder group to increase its holding, the company and the fund said in a joint statement. ET was the first to report the development in its March 12 edition.