Honasa Consumer (NSE:HONASA, BOM:544014) has completed the acquisition of a 95% stake in BTM Ventures, which offers men-focused personal care products under the brand Reginald Men.
The personal care goods company made a secondary purchase of equity shares valued at 1.98 billion Indian rupees, according to a Tuesday filing to the Indian stock exchanges.
As a result of the transaction, BTM Ventures has become a subsidiary of Honasa Consumer.
The company's shares were up nearly 2% in recent trade.