Emami Limited (BSE:531162) entered into definitive agreement to acquire remaining 73.50% stake in Axiom Ayurveda Private Limited for INR 2.0 billion on April 1, 2026. A cash consideration of INR 2 billion will be paid by Emami Limited. As part of consideration, INR 2 billion is paid towards common equity of Axiom Ayurveda Private Limited. Upon completion, Emami Limited will own 100% stake in Axiom Ayurveda Private Limited. On April 1, 2026 Emami Limited has completed the acquisition of 36.7% stake in Axiom Ayurveda Private Limited. Acquisition is expected to be completed in a phased manner over the next three months. subject to completion of customary closing conditions.
The transaction is subject to approval of offer by acquirer board. The deal has been approved by the board.
Sakshi Mehra, Dipayan Bhattacherjee of Shardul Amarchand Mangaldas & Co acted as legal advisor to Emami Limited.
Emami Limited is an India-based company, which is engaged in the manufacture and selling of consumer goods, such as hair care products, healthcare products, and skin care products. The Company’s portfolio of household brand names such as Boro Plus, Navratna, Fair and Handsome, Zandu Balm, Kesh King, Zandu Pancharishta, Mentho Plus Balm, Dermicool and others. Its products include 7 Oils in One Hair Oil Range, Navratna Oil Range, Creme 21 Range, Smart And Handsome Range, BoroPlus Range, Kesh King Range, Pain Management Range, and Emami Gold Range. The Company has a presence of 70 plus countries. The Company’s brands include Discover its personal care and healthcare brands. Its brands include BoroPlus, Navratna, Zandu, Kesh King, Smart And Handsome, Mentho Plus, 7 Oils in One, Dermicool, Creme 21, HE, The Man Company, and Brillare. Its other brands include Emami Malai Kesar Cold Cream, Emami Golden Beauty Talc, Emami Naturally Fair, and Emami Diamond Shine.
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