Emami’s wholly owned subsidiary -- Emami International FZE, Sharjah, has disposed its entire stake of 85% held in Fravin Pty, Australia, consequently, Fravin Pty and its step down subsidiary companies, namely Diamond Bio Tech Laboratories Pty and Abache Pty have ceased to be subsidiary Companies of Emami.
Fravin Pty, Diamond Bio Tech Laboratories Pty and Abache Pty were inoperative and there was no contribution in the consolidated revenue/ turnover of Emami; therefore, there will be no impact on the operations/ financials of the Company.
Emami is the flagship company of the Emami Group and engaged in manufacturing products under various categories namely Hair Care, Skin Creams and Lotions, Talcum Powder and ayurvedic health care products.
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