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KKR takes controlling stake in India's Vini Cosmetics for $625m

The startup targets further expansion in India, South Asia and other growing markets

KKR has invested about $5.7 billion in India since 2006 pursuing its private equity strategy.    © Reuters

CEBU, Philippines -- Private equity leader KKR has announced acquisition of the majority stake in Vini Cosmetics, a branded personal care and beauty products company in India, for $625 million.

KKR will acquire the stake from Vini's founders, led by Darshan Patel and Dipam Patel, and Sequoia Capital, which took a minority stake in the company in 2013.

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