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Emami to acquire 60% stake in personalised beauty player IncNut Digital for ₹321 crore
FMCG major Emami Ltd on Thursday said it has entered into a definitive agreement to acquire a 60 per cent stake in IncNut Digital, engaged in the personalised beauty and personal care segment with flagship brands Vedix and SkinKraft, for a cash consideration …
FMCG major Emami to acquire majority stake in Vedix, SkinKraft parent co IncNut
Emami Limited is acquiring a 60 percent stake in IncNut Digital for Rs 321 crore. This move strengthens Emami's position in the growing personalized beauty and personal care market. IncNut Digital owns popular brands Vedix and SkinKraft. The partnership aims …
Emami bets ₹321 crore on personalised beauty with Vedix, SkinKraft acquisition
Emami’s stock was trading at ₹456.35 on the NSE on Thursday, up 0.92% for the day, but down about 28% over the past year and underperforming the Nifty FMCG index in most timeframes
Emami to buy 60% stake in SkinKraft, Vedix parent IncNut for Rs 321 crore
Kolkata's Emami is set to acquire a significant 60% stake in IncNut Digital. This company is the driving force behind popular beauty brands Vedix and SkinKraft. The initial deal is valued at Rs 321 crore. Emami also plans to acquire the remaining stake in Inc…