Singapore’s sovereign wealth fund GIC and Baring Private Equity India are investing Rs 500 crore (~ $100 million) in public listed consumer products company Marico Ltd. This comes after two months of Marico announcing a deal to buy the personal care brands, including Set Wet, Livon and Zatak among others, from Reckitt Benckiser.
Although, Marico did not disclose the deal value VCCircle had estimated it to be around $100 million so the latest transaction could be to fund the acquisition Full story
Related:
Marico to sell 4.8% stake to raise Rs 500 crore - The Economic Times
GIC, Baring take fancy to FMCG, buy Marico stake - mydigitalfc.com
