Honasa Consumer Ltd Completes Acquisition of Reginald Men Brand Owner BTM Ventures

Honasa Consumer Ltd has completed the acquisition of 95% of the issued and paid-up equity share capital of BTM Ventures Private Limited (BVPL), the company that owns and operates the men’s focused personal care products brand ‘Reginald Men’. The acquisition was done for an equity value of INR 197.96 Crores, which includes cash and cash equivalents of INR 12.71 Crores available on the books of BVPL as on the closing date. This makes BTM Ventures Private Limited a subsidiary of Honasa Consumer Ltd.