The Henkel India deal will probably burn Jyothy Labs share holders no end as the same has been finalised at nearly 900 crores and acc to reports the debt in that is only 525 crores. That means that after paying 60 crores for 14.9% i.e. $15 mln, they are paying 375 crores or $94 mln to Henkel of Germany for 50.1% of the company at a premium of almost 100% if the amount is right.   At the rate of Rs 65 per share on the back of the envelope, this is obviously usury for the buyer, and even if it is nearer 50/- it is much more than reqd premium to pay for the very much homegrown brands Jyothy is buying in the portfolio 

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