Indian giant firms grip on maker of Darling hair brand

An Indian conglomerate has acquired nearly the entire shareholding of popular hair products Darling- and Amigos-maker Style Industries, underwriting the growing importance of the local beauty industry.

Indian firm Godrej Consumer Products said in a statement it had taken an extra 39 per cent stake in Style Industries bringing the total holding to 90 per cent — having acquired 51 per cent earlier.