Wipro eyes ₹30,000 cr personal care mart, acquires 60% stake in Dermatouch for ₹387.5 cr

Wipro has acquired a 60% stake in Dermatouch for ₹387.5 crore. This move is part of Wipro's strategy to expand its presence in the personal care market, which is valued at ₹30,000 crore. The acquisition gives Wipro access to Dermatouch's product portfolio and distribution network, potentially allowing it to tap into the growing demand for personal care products in India. This deal is significant for Wipro's expansion plans in the consumer goods sector.

Why it matters

Wipro's acquisition of Dermatouch is a strategic move to expand its presence in the personal care market. This could lead to increased revenue and market share for the company.

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