There was a report in Business Standard on 7th june this year that Jyothy Labs is looking for acquisitions worth 100 crores, anybody has any update on that?
" The nearly Rs 150-crore FMCG company, Jyothy Laboratories, is looking for acquisitions of regional brands worth up to Rs 100 crore. The company is present in the fabric care, utensils washing and personal care segment with brands like Ujala, Maxo and Exo.
“We are interested in acquiring regional brands that have a potential to be scaled nationally as we look for growth in the FMCG market in India.
The size of the acquisition can be up to Rs 100 crore,” said Ullhas Kamath, deputy managing director, Jyothy Laboratories."
Good move by the company. It will improve their marketing bouquet.
| NIFTY 
