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TPG Growth circles VLCC as Carlyle looks to sell minority stake in wellness company

Last January, Carlyle paid Rs 2,700 crore to buy a controlling 66% stake in the three-decade-old homegrown brand that gave the buyout fund an entry into a rapidly growing market for wellness products but one that is facing disruption from younger, nimbler, direct-to-consumer (D2C) brands. Founders of VLCC – Vandana and husband Mukesh Luthra who owned 95% of the company prior to the Carlyle deal – retained a 30% stake with the management team holding 4%.
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Bharat Tex: Bharat Tex 2024: India set to unveil global textile powerhouse ambitions in mega exhibition

The Bharat Tex exhibition in February aims to showcase the entire textile value chain, involving participants from farmers to fashion designers. Hosted at Bharat Mandapam and Yashobhoomi in the capital, the event signifies Indias commitment to becoming a global textile powerhouse, driven by innovation, collaboration, and the "Make in India" initiative.
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