MoneyWorks4Me

Emami acquires additional 4.64% stake in Brillare

27 Mar 2024 Evaluate

Emami has entered into Share Purchase agreement with the founder & other shareholders of Brillare Science (Brillare) for acquiring remaining stake of 4.64% of Brillare. Consequently, Emami’s Shareholding in Brillare has increased from 95.36% to 100% and it has become a wholly owned subsidiary 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.

Peers