Hotline: 1800 102 2007
X
Search Business Opportunities
Acquisition 2015-06-29

FMCG major Hindustan Unilever Limited in talks to acquire Indulekha hair oils for Rs 500 Crore

Leading FMCG firm Hindustan Unilever Limited (HUL) is in advance level conversation with Mosons Extractions Pvt Ltd to purchase Indulekha hair oil and re-enter the lucrative hair grooming oils market.

FMCG major Hindustan Unilever Limited in talks to acquire Indulekha hair oils for Rs 500 Crore

FMCG major Hindustan Unilever Ltd (HUL) is all set to acquire Indulekha brand of hair care products, including an Ayurvedic hair grooming oil and shampoo for about Rs 500 crore. Reportedly, HUL is in advanced level conversation with the Mosons Extractions Pvt Ltd, the parent company of Indulekha brand.

Significantly, HUL has defeated several other big companies like Wipro Consumer Care & Lighting, L Capital Asia Advisors Plc, which is an Asian PE fund sponsored by Moët HennessyLouis Vuitton SA, to acquire Indulekha citing valuation-relatedconcerns.

The owners of Mosons Extractions wanted Rs 600 crore for the brand, but the deal closed at Rs 500.

The purchase of Indulekha will help HUL, the local unit of Anglo-Dutch consumer goods maker Unilever Plc., to re-enter the lucrative market of hair grooming oils.

The company exited the business in 2006 by selling its coconut oil brand Nihar to Marico Ltd.

Earlier in the month, smaller rival Emami Ltd, the maker of Emami Navratna hair oil, strengthened its position in the Ayurvedic hair oil business with the purchase of Kesh King brand for about Rs1,650 crore earlier this month.

The FMCG major HUL is awaited to announce or confirm the acquisition reports officially.

Comment
Related opportunities
  • Casual dine Restaurants
    About: Mamu’s Infusion is a highly-popular and renowned fine dine restaurant..
    Locations looking for expansion Rajasthan
    Establishment year 1990
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Jaipur Rajasthan
  • Join hands with Smart school Education Pvt Ltd and be..
    Locations looking for expansion New Delhi
    Establishment year 2011
    Franchising Launch Date 2014
    Investment size Rs. 2lac - 5lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater North West Delhi New Delhi
  • Professional Education coaching
    About: ICA was founded in 1999, and began its journey with..
    Locations looking for expansion Delhi
    Establishment year 1999
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • TV Channel/Network
    About Us:  A golden opportunity to join the most trusted business..
    Locations looking for expansion Uttar pradesh
    Establishment year 2018
    Franchising Launch Date 2018
    Investment size Rs. 10000 - 50 K
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Noida Uttar pradesh
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities
More Stories

Free Advice - Ask Our Experts