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