Bajaj Corp to buy anti-marks skin care brand NOMARKS
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Bajaj Corp is known for its hair oil brands and is part of the Shishir Bajaj group which split from the rest of the Bajaj business family a few years ago and also has interests in sugar among others areas. It has brands like Bajaj Kailash Parbat Thanda Tel, Bajaj Almond Drops Hair Oil, Bajaj Brahmi Amla Hair Oil, Bajaj Amla Shikakai Hair Oil and Bajaj Jasmine Hair Oil. With the acquisition of these brands, Bajaj Corp enters the Rs 8,500 crore large skin care category which grew by 12.1 per cent during FY13. The deal will add around 7 per cent to its annual revenues of around Rs 600 crore. Bajaj Corp’s scrip was quoting at Rs 238 a share, up 2.3 per cent in mid-day trades on the BSE in a strong Mumbai market on Thursday.
For the original version including any supplementary images or video, visit http://in.reuters.com/article/2013/08/23/bajaj-corp-to-buy-anti-marks-skin-care-b-idINDEE97M03720130823