Honasa Consumer To Acquire Majority Stake In Hair Therapy Brand Fluence Pharma At Rs 135 Crore Valuation
Economic Times
Mamaearth parent Honasa Consumer is acquiring a majority stake in Mumbai-based hair therapy products brand Fluence Pharma at an enterprise value of Rs 135 crore, according to a stock exchange filing.
This is the second acquisition by the Gurugram-based company in less than a year. In December, it had acquired 90% Hyderabad-based Reginald Men at an enterprise value of Rs 195 crore.