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Wipro Ltd Acquires L.D.Waxson With Skincare Brands Bio-essence & Ginvera


Sunday, 9 Dec 2012 09:34pm EST 

Wipro Ltd announced that it has signed a definitive agreement to acquire 100% shareholding of the L.D. Waxsons Group, a Singaporebased Fast Moving Consumer Goods (FMCG) company for an all cash consideration of about USD144 million. L.D. Waxson Group, headquartered in Singapore, is a company with a wide portfolio of brands, including skin care brands Bio-essence and Ginvera, and health care brand Ebene. The company has manufacturing facilities in China and Malaysia. The transaction is expected to be closed within the next 60 days. .