Mumbai: Homegrown private equity fund ChrysCapital has acquired about 35% stake in WOW Skin Science India Ltd., a new-age personal care brand in India, for Rs 370 crore ($50 million). The transaction is a combination of a primary raise by the company for growth initiatives, and a secondary sale by the promoters.
The deal, a mix of primary and secondary fund raise, values the company at Rs 900 crore for its India and rest of the world business excluding US and EU, sources close to the development said.
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