India: Sesa Hair Oil in talks to raise up to $60m from True North

India: Sesa Hair Oil in talks to raise up to $60m from True North

True North plans to acquire a large minority stake in the Sesa Hair Oil brand which will be held under a new entity. Photo: Pradeep Gaur/Mint

Ban Labs Pvt. Ltd, a maker of hair care products including the popular Sesa Hair Oil, is in advanced talks to raise as much as Rs 400 crore from private equity fund True North Capital, two people aware of the development said.

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