Good Glamm acquires Majority Stake in 'Sirona'

21 December 2021, Mumbai:

All-cash deal for a stake worth 100 crores.

Online beauty and personal care startup, DARPAN SANGHVI, CEO, The Good Glamm Group, which owns the MyGlamm brand, has acquired an undisclosed majority stake in feminine hygiene startup Sirona in an all-cash deal worth 100 crores.

Over the next 3 years, Good Glamm will complete the purchase of further stake to gain 100% control over the entity.

SOURCE: ET DT 21-12-2021  

(The news article has not been edited by DFU Publications staff)

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