New Delhi, Feb. 15 -- Mumbai-based Bajaj Consumer Care Ltd., a manufacturer of personal care products, has acquired Hyderabad-based Vishal Personal Care Pvt. Ltd. for Rs.120 crore.

This deal gives Bajaj Consumer Care access to Vishal's hair and skincare products sold under the Banjara's brand.

The acquisition will be completed in two tranches. Bajaj Consumer Care will initially acquire a 49% stake, followed by the remaining 51%. The total transaction value is estimated at Rs.120 crore, with an enterprise value of approximately Rs.108.3 crore, according to a company filing. This marks the company's first acquisition till date.

Bajaj Consumer Care will acquire Vishal Personal Care from its existing shareholders, including private equity ...