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Last January, Carlyle paid Rs 2,700 crore to buy a controlling 66% stake in the three-decade-old homegrown brand that gave the buyout fund an entry into a rapidly growing market for wellness products but one that is facing disruption from younger, nimbler, direct-to-consumer (D2C) brands. Founders of VLCC – Vandana and husband Mukesh Luthra who owned 95% of the company prior to the Carlyle deal – retained a 30% stake with the management team holding 4%. ....
In his new role, Gupta will continue to lead the company s strategic direction, focusing on driving overall business growth by leveraging technology and prioritising customer-centric approaches to introduce beauty and skincare products to the Indian market. ....
The consumer forum stressed that it is essential to ensure fairness and prevent these institutions from imposing unfair terms and conditions on consumers in the education sector. ....