Emami has subscribed Compulsory Convertible Preference Shares (CCPS) of Brillare Science, the subsidiary company. Upon conversion of the said CCPS, company's stake would be 66.29% subject to achievement of agreed future performance of the investee company. Currently, the company holds 54.49% stake of Brillare. Post conversion of CCPS into equity shares, company's stake in Brillare would be 66.29% (subject to achievement of agreed future performance of the said Investee 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.
