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Raymond acquires 100% ownership of KamaSutra brand
short by Manaya Bagga / on Friday, 18 August, 2017
Textile major Raymond has announced acquisition of 50% stake of its joint venture partner Ansell in JK Ansell, the manufacturer of condoms and deodorants under the KamaSutra brand, for ₹19.3 crore. With this, Raymond has acquired 100% ownership of the KamaSutra brand. Following the deal, JK Ansell will become a wholly-owned subsidiary of JK Investo Trade, a Raymond group firm.
read more at Outlook