Emami’s arm hikes stake in Fravin to 85%

Emami’s wholly owned subsidiary based in Dubai - Emami International FZE has further acquired 18.33% of the share capital of its subsidiary Fravin, Australia. Consequent to the above acquisition of shares, aggregate shareholding of Emami International FZE in its subsidiary company ‘Fravin’ has been increased from 66.67 % to 85% share capital of Fravin.

Emami manufactures products under various categories namely Hair Care, Skin Creams and Lotions, Talcum Powder and ayurvedic health care products. Emami’s Boroplus portfolio is worth Rs 400 crore, comprising of three brands -- BoroPlus Antiseptic Cream, Boroplus Advanced Moisturizing Lotion and BoroPlus Prickly Heat Powder.