Puig International SA has acquired an additional 36% shareholding in Kama Ayurveda from Lighthouse Funds, the Promoters and certain other investors for an undisclosed amount.
Saraf & Partners acted for Kama Ayurveda and its promoters and also for Lighthouse Funds on the deal.
The transaction team that advised Kama and its promoters was led by Partners, Vaibhav Kakkar and Sahil Arora, who were supported by Associates, Mincy Matthew and Vedika Pandey.
Lighthouse Funds was advised by a team led by partner Rohan Shah, who was supported by Senior Associate Navomi Koshy.
Pursuant to the transaction, Lighthouse Funds has entirely exited from Kama and Puig now holds 85% of the total share capital of Kama.
Kama is an Indian company engaged in online and in-store retail of organic Ayurvedic luxury beauty and wellness products. The transaction entailed an acquisition of shares of Kama by Puig from Lighthouse Funds, the Promoters and certain other investors.
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