Gaja Capital, L Catterton eye 40% stake in Zivame

MUMBAI: Dwelling-grown non-public fairness fund Gaja Cash and worldwide fund L Catterton are in individual discussions to acquire about 40% stake in major women’s lingerie retailer Zivame.

In this proposed secondary transaction, the 40% stake held by present traders — Ronnie Screwvala-promoted Unilazer Ventures and Malaysian sovereign fund Khazanah Nasional Bhd — will be acquired by the new investor in a deal valuing the brand at $a hundred million (about Rs seven-hundred crore), in accordance to two people knowledgeable of the improvement. Even so, the discussions with Gaja Cash are in an superior phase, he extra.

At the moment, engineering-focused expense business Zodius Cash is the biggest shareholder in Zivame with about 60% stake. Zivame is the second biggest promoting women lingerie brand in India after Jockey. In India’s $three billion women lingerie industry, about 40% revenue arrive from organised players. The industry is envisioned to access $6 billion by

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