Honasa To Acquire Men’s Personal Care Brand Reginald

Honasa said that it would acquire a 95% equity stake in BVPL via secondary purchase for INR 195 Cr enterprise value on a “no-cash no-debt” basis

The deal is expected to be completed in four weeks, while Honasa plans to buy the remaining 5% stake in BVPL via secondary purchase after completion of 12 months from the majority buyout

Honasa said that the acquisition marks its strategic expansion into the rapidly growing men’s personal care category and will further strengthen its presence in the South Indian…