Editor
The Spanish group has increased its stake in the company to a majority share, strengthening its foothold in the fast-growing Indian beauty and personal care market. The financial terms of the deal were not disclosed.
Puig first purchased a minority stake in New Delhi-based Kama Ayurveda in 2019 for €12.5 million. At the time of the deal, Puig said its cash injection would help the beauty company expand its domestic presence and also expand…
