Emami To Acquire 60% Stake In Vedix & SkinKraft Parent For ₹321 Cr
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FMCG major Emami is acquiring a 60% stake in IncNut Digital, the parent entity of D2C beauty and personal care brands Vedix and SkinKraft, for up to ₹321 Cr in an all-cash transaction.
In a regulatory filing, Emami said that its board approved the execution of a share subscription and purchase agreement (SSPA) to acquire a 60% stake in IncNut Digital and its subsidiary. The transaction, which also includes “performance-linked adjustments over a 24-month period”, is expected to close within 30 da
In a regulatory filing, Emami said that its board approved the execution of a share subscription and purchase agreement (SSPA) to acquire a 60% stake in IncNut Digital and its subsidiary. The transaction, which also includes “performance-linked adjustments over a 24-month period”, is expected to close within 30 da
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