Kotak Special Situation fund invests ₹250 crore in Sanjaya Mariwala’s SPV
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Kotak Special Situations Fund (KSSF) – managed by Kotak InvestmentAdvisors Limited (KIAL), today announced that it has invested ₹250 crore in Sanjaya Mariwala’Kotak Special Situation Fund Invests ₹250 crore in Sanjaya Mariwala’s SPVs Special Purpose Vehicle (SPV), to help the latter buy-out two B2C supplement businesses – “Setu and “Edence from Omniactive Health Technologies Limited (OmniActive) as well as provide dry-powder for further investment in the nutraceuticals businesses.
India is expected to be one of the global leaders in the nutraceuticals industry and the acquisition of Setu and Edence, will help fuel the growth of Setu and Edence by creating a focussed growth trajectory in the B2C space.
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Kotak Special Situation Fund invests ₹250 crore in Sanjaya Mariwala’s SPV
February 23, 2021 Kotak Special Situations Fund has invested ₹crore in Sanjaya Mariwala’s Special Purpose Vehicle (SPV) to help the latter buy out two B2C supplement businesses ‘Setu’ and ‘Edence’ from Omniactive Health Technologies and provide further capital for its nutraceuticals businesses.
India is expected to be one of the global leaders in the nutraceuticals industry and the acquisition of Setu and Edence will create a focussed growth trajectory in the B2C space.
Srini Sriniwasan, Managing Director, Kotak Investment Advisors, said the acquisition is well-poised to capture the increasing trend towards a health-conscious lifestyle and focus on natural health supplements.
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H&M names Yanira Ramirez as country sales manager for India
FILE PHOTO: A woman wearing a face mask leaves the H&M clothing store as the spread of the coronavirus disease (COVID-19) continues in Prague, Czech Republic, September 14, 2020. REUTERS/David W Cerny/File Photo
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In India, the retailer has done brisk business. For the year ended 30 November 2019, H&M posted a 43% jump in sales touching nearly Rs1,500 crore. However, the lockdown in 2020 impacted sales as prolonged store closures hit apparel sales
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NEW DELHI: Swedish fashion retailer H&M on Tuesday named Yanira Ramirez as country sales manager for India, a market where it has 50 stores.