Gaja Capital, L Catterton eye 40% stake in Zivame, Retail News, ET Retail

Davida Erdahl

MUMBAI: Household-grown private fairness fund Gaja Money and world wide 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 current investors — Ronnie Screwvala-promoted Unilazer Ventures and Malaysian sovereign fund Khazanah Nasional Bhd — will be obtained by the new investor in a offer valuing the manufacturer at $one hundred million (about Rs 700 crore), according to two persons conscious of the improvement. On the other hand, the discussions with Gaja Money are in an state-of-the-art phase, he extra.

Currently, technological know-how-targeted expense organization Zodius Money is the greatest shareholder in Zivame with about 60% stake. Zivame is the 2nd greatest selling gals lingerie manufacturer in India soon after Jockey. In India’s $3 billion gals lingerie marketplace, about 40% product sales appear from organised gamers. The marketplace is predicted to access

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