Medimix soap maker Cholayil plans to raise Rs 450 crore, dilute holding, ET Retail
The Pradeep Cholayil-led company, which has a presence mainly in the North Indian markets, is likely to dilute an about 20-25% stake in its first fundraising round, people aware of the development said. The 54-year-old Medimix brand is one of the top-selling soap brands in Maharashtra, where it has close to a 10% market share.
Source: indiatimes.com
