Emami Limited (BSE:531162) entered into definitive agreement to acquire 26% stake in Axiom Ayurveda Private Limited on September 28, 2023. As of FY 2022-23, Axiom Ayurveda Private Limited reported turnover of INR 1.3 billion. The deal is expected to be completed within one month.

Emami Limited (BSE:531162) completed the acquisition of 26% stake in Axiom Ayurveda Private Limited on October 18, 2023.