CVL buys Herbolab, steps into Ayurveda sector
CESC Ventures Ltd. (CVL), a RP-Sanjiv Goenka Group marks its entry into the Ayurvedic medicines segment by acquiring a stake of 64.6% for an amount of Rs. 32.2 crore from the 29-year-old Herbolab India Pvt. Ltd. that is into the business of making Ayurvedic medicines and products.
The company, which has a pan-Indian presence, clocked a turnover of Rs. 1.94 crore in 2018-19. It has the brand name of ‘Dr. Vaidya’s.’
CVL, which was listed in January this year as part of the recast of the group’s flagship CESC Ltd., has three business segments — business process management, property and FMCG under which there are brands like Too Yumm and Evita. Too Yumm marked the group’s entry into packaged snack foods business in 2017.
CESC Ventures Ltd. (CVL), a RP-Sanjiv Goenka Group marks its entry into the Ayurvedic medicines segment by acquiring a stake of 64.6% for an amount of Rs. 32.2 crore from the 29-year-old Herbolab India Pvt. Ltd. that is into the business of making Ayurvedic medicines and products.
The company, which has a pan-Indian presence, clocked a turnover of Rs. 1.94 crore in 2018-19. It has the brand name of ‘Dr. Vaidya’s.’
CVL, which was listed in January this year as part of the recast of the group’s flagship CESC Ltd., has three business segments — business process management, property and FMCG under which there are brands like Too Yumm and Evita. Too Yumm marked the group’s entry into packaged snack foods business in 2017.
