Khaitan & Co, Metalegal act on L'Oreal acquiring majority stake in Innovist
L'Oreal India Private Limited has acquired a majority stake in Onesto Labs Private Limited (Innovist), a leading digital-first Indian personal care house of brands. The transaction involves the upfront acquisition of a majority stake in Innovist through an all-cash secondary purchase of shares from its promoter and existing shareholders. As part of the transaction, L'Oréal has also secured the right to acquire the remaining minority stake held by Innovist’s founding team. Khaitan & Co advised L'Oréal on this acquisition.
CounselKhaitan & Co
SectorTechnology
Sources
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