Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Union Budget
Budget 2011-2012 Home
Industry Expectations - Budget 2011-2012
Industry Reactions - Budget 2011-2012
Budget 2010-2011
Budget 2010-2011 Home
Industry Expectations - Budget 2010-2011
Industry Reactions - Budget 2010-2011
Contributor's Corner
Bonanza Portfolio
Hemant K Gupta
Krish Bhatt
S A A R T H I
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
SEBI
Trading of Securities
Transfer of Securities
Your Rights
Budget 2009-2010
Budget 2009-2010 Home
Industry Expectations - Budget 2009-2010
Industry Reactions - Budget 2009-2010
Interim Budget 2009-2010 Home
Industry Expectations - Interim Budget 2009
Budget 2008-2009
Railway Budget 2008-2009
Industry Expectations - Budget 2008
Union Budget 2008-2009
Highlights of Budget 2008-2009
Summary of Budget 2008-2009
Industry Reactions - Budget 2008
IPOs
Current IPOs
Past IPOs
IPO Subscription
Mutual Funds
Gold Exchange Traded Fund
MF Unique Holding
Forthcoming Dividends
ELSS Schemes Comparison
Tax Plans
New Fund Offers
Research
Arbitrages
Equity
Market Whispers
Tax Planning
Home
Equity Linked Savings Scheme
Post Office MIS
9% GOI Senior Citizens Savings Scheme
8% Savings (Taxable) Bonds
Kisan Vikas Patra
National Savings Certificate
Public Provident Fund
Stock Report

| More

Wipro to acquire 100% stake in L.D. Waxson with Skincare brands Bio-essence & Ginvera

Posted On: 2012-12-09 21:53:20

Wipro Limited (NYSE:WIT) has signed a definitive agreement to acquire 100% shareholding of the L.D. Waxsons Group, a Singapore- based Fast Moving Consumer Goods (FMCG) company for an all cash consideration of about USD 144 million. Revenues on run-rate basis for FY'12 are about USD 68 million. This transaction will give Wipro, the leadership position in the facial skincare market in Malaysia and Singapore, expand its presence in China, besides enhancing its market position in other Asian markets.

L.D. Waxson Group, headquartered in Singapore, is a leading company with a wide portfolio of brands, including leading skin care brands Bio-essence and Ginvera, and health care brand Ebene. The company has manufacturing facilities in China and Malaysia and a strong footprint in Singapore, Malaysia , China, Taiwan, Hong Kong and Thailand.

Commenting on the transaction, Mr. Vineet Agrawal, President, Wipro Consumer Care and Lighting, says: "We welcome LD. Waxson group to the Wipro family. We have a great track record of successful acquisitions including Unza and Yardley. We see L.D.Waxson as a good strategic fit. This transaction helps us consolidate our successful facial skincare business in Malaysia to a dominant leadership position, and moves us to market leadership in Singapore as well."

Commenting on the acquisition Dr. Tor Lam Huat, Chairman of L.D. Waxson Group says, "We are happy to join Wipro, a company that shares our passion in developing brands, driven by consumer insight and innovative marketing and have seen their success in this region. Bio-essence's success is driven by providing skin care products that truly perform, with visible results for consumers. We are confident that with Wipro's marketing expertise and extensive distribution network, together we will be able take Bio-essence, Ginvera and other brands to new heights."

"This acquisition enables us to establish a significant presence in the China skin care market. It helps us to expand to Western and Eastern China markets, and enter the Taiwan market. It also makes us stronger in pharmacy channel in Malaysia." says Mr. Nagender Arya, Regional Director (East Asia, Middle East and Africa), Wipro Consumer Care and Lighting.

The transaction is expected to be closed within the next 60 days.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Pitti Laminations Ltd reports net profit of Rs. 4.60 crores in Q4
Cholamandalam Investment and Finance Company Ltd Q4 PAT climbs to Rs. 136.57 crores
Hinduja Ventures Ltd Q4 standalone net profit down at Rs. 17.78 crores
Aro Granite Industries Ltd Q4 net profit drops to Rs. 1.96 crores
Petronet LNG Q4 PAT jumps to Rs. 300.75 crores
Pankaj Polymers Ltd to sell HDPE unit
Aro Granite Industries Ltd Board recommends Dividend of Rs. 1 for 2014-15
Director resigns from Austral Coke & Projects Ltd
Vatsa Music Ltd appoints Director
GCM Capital Advisors Ltd appoints non-executive director
Petronet LNG Ltd Board recommends Dividend of Rs. 2 for 2014-15
Infosys Ltd Fixes Book Closure for Final Dividend & 34th AGM
Hinduja Ventures Ltd Boar declares Interim Dividend of Rs. 15 for 2014-15
UltraTech Cement Q4 net profit lower at Rs. 657.20 crores
Parekh Distributors Ltd approves investment in Viman Air Club Pvt. Ltd
Store One Retail India Ltd to consider financial results on May 4, 2015
Indiabulls Wholesale Services Ltd to consider financial results on May 4, 2015
Open Offer for Bombay Swadeshi Stores Ltd at Rs. 126
Eon Electric Ltd appoints additional director
UltraTech Cement Ltd Board recommends Dividend of Rs. 9 for 2014-15
K.P.R.MILL LTD. Board to consider Final Dividend for 2014-15
Alpine Housing Development Corporation Ltd reappoints MD
Sobha Ltd to announce FY15 results on May 12, 2015
Visaka Industries Ltd Board to consider Dividend for 2014-15
Cholamandalam Investment and Finance Company Board recommends Final Dividend of Rs. 1 for 2014-15
Gold Coin Health Foods Ltd Board to consider Stock Split
Prakash Shah resigns as Director of Hinduja Ventures Ltd
Cholamandalam Investment and Finance Company Ltd Fixes Book Closure for Final Dividend & 37th AGM
Hinduja Ventures Ltd approves merger of IDL Speciality Chemicals Ltd
Onelife Capital Advisors Ltd appoints company secretary
NTPC Ltd signs PPA with APEPDCL
Pitti Laminations Ltd appoints additional director
Open Offer for Premier Synthetics at Rs. 11
Pitti Laminations Ltd Board recommends Final Dividend of Rs. 0.625
Welspun India Board to consider Dividend for 2014-15
Rasi Electrodes Ltd Fixes Record Date for Stock Split
Saven Technologies Ltd to consider financial results on May 6, 2015
Neuland Laboratories Ltd to consider financial results on May 8, 2015
V-Mart Retail Ltd Board to consider Dividend for 2014-15
Bhansali Engineering Polymers Ltd appoints ED & CFO
Sequent Scientific Ltd skips dividend for 2014-15
Setco Automotive Ltd approves stock option scheme
Ajanta Pharma Ltd to consider FY15 results on May 08, 2015
Himalya International Ltd to consider financial results on April 30, 2015
Rose Investments Ltd Board to consider Dividend for 2014-15
Bengal Tea & Fabrics Ltd Board to consider Dividend for 2014-15
Foseco India Ltd appoints additional director
Amrit Corp Ltd to consider financial results on May 13, 2015
Subex Ltd calls for Board Meeting on April 28, 2015
Jattashankar Industries Ltd appoints additional director


  
Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2014