The Competition Commission of India (CCI) has approved the acquisition of 100% shareholding in Onesto Labs Private Limited by L'Oréal India Private Limited. This proposed combination involves the complete takeover of the target company by the acquirer.
L'Oréal India Private Limited is engaged in research, innovation, manufacture, marketing, sales, and export of beauty and personal care (BPC) products in India, including skin care and hair care products, which it markets through various distribution channels under several globally recognized brands. Onesto Labs Private Limited is engaged in the manufacture and sale of BPC products across various segments, specifically skin care and hair care, under its multiple brands.
The approval represents regulatory clearance for this consolidation in the Indian beauty and personal care products market, allowing L'Oréal India to fully integrate Onesto Labs' operations and brand portfolio.