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Kaya Limited
Indian multinational skincare, haircare, and bodycare treatment provider From Wikipedia, the free encyclopedia
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Kaya Clinic (also known as Kaya Skin Clinic) is an Indian multinational skincare, haircare, and bodycare treatment provider.[5] It was founded in 2003 by Harsh Mariwala, the chairman of Marico.[6][7]
There are more than 75 Kaya Clinics across 26 cities in India. Kaya also has 23 clinics across 3 countries in West Asia and e-commerce portals in India & Middle East.[8][9]
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History
Harsh Mariwala conceptualized the prototype of Kaya Skin Clinic at Marico's corporate office in 2002.[10] The company was incorporated on 27 March 2003 as part of Marico Limited.[11]
In 2010, Kaya Limited acquired Singapore-based company Derma Rx, which they later divested to KV Asia Capital in December 2013.[12]
It was demerged from Marico in September 2013 to become an independent entity called Marico Kaya Enterprises and its shares began trading on NSE and BSE in July 2014.[13][14] In May 2015, as a result of a scheme of arrangement, Marico Kaya shares were suspended from trading, and shareholders were allotted equal number of Kaya Limited shares, which got listed on the exchanges in August 2015.[15]
In 2016, Kaya rebranded itself as Kaya Clinic.[16]
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Shareholding
The majority of the Kaya Limited's shares (60.70%) are held by the promoters group. The rest is divided between the individual public (20.93%), foreign institutions (6.30%), Mutual Funds (3.63%), Body Corporate (5.65%) and others as on 7 August 2015.[17]
Indian investor and fund manager Porinju Veliyath, on behalf of his portfolio management firm Equity Intelligence India Ltd, bought a 5% stake in Kaya Limited on 8 June 2017.[18]
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References
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