Emami has invested Rs 4.50 crore by way of subscription to the Compulsory Convertible Preference Shares of ‘Cannis Lupus Services India’ (Cannis), its associate company. Investment is in line with Emami’s strategy and to meet the business requirements of Cannis. Emami will hold 100% of CCPS of Cannis. Presently, Emami is holding 30% Equity Share Capital of Cannis.
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.
