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KKR completes Rs 4,600 cr deal to buy majority stake in Vini Cosmetics

Friday, 16 Jul 2021
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Global investment firm KKR has completed Rs 4,600 crore deal to buy a majority stake in deodorant maker Vini Cosmetics. 
Vini Cosmetics' Co-Founders continue to hold a significant stake in the company after the deal as well. Darshan Patel will continue to be Chairman while Dipam Patel has been appointed as Vice Chairman. 
In June 2021, KKR had announced that it is paying USD 625 million or Rs 4,600 crore for a majority stake in Vini Cosmetics, which manufactures and markets brands like Fogg. 
KKR is making this investment from its Asian Fund IV.  In 2020, it has invested in J B Chemicals and Pharmaceuticals, Lenskart, non-bank lender Five Star and Reliance Jio.
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