Grapevine: Sugar Cosmetics' VC backers eye exit; Azure Power may change hands

Premium

India-focused Malabar Investments is reportedly in discussions to acquire a stake in Mumbai-based Sugar Cosmetics through a secondary transaction worth Rs 80-100 crore ($10-13 million), as early backers of the company mull an exit, a media report said. This move could value Sugar Cosmetics at around Rs 2,900 crore ($350 million). ......