Jyothy Laboratories open to new partnerships post Henkel break-up

Says not looking for strategic investment, but want alliances in research, development, technology

Consumer goods major Jyothy Laboratories — best known for brands such as Ujala and Henko — is open for new partnerships following a breakdown in talks with German company Henkel last year. Henkel's window to invest in Jyothy lapsed on October 31 after it failed to exercise the option for picking up 26 per cent stake in the firm.

Speaking with Business Standard, Ullas Kamath, joint-managing director, Jyothy Labs, said: “We are not looking for strategic investors because our experience tells us that they would want to get involved in the running of the business. This could result in a culture