Emami Ltd announced its decision to acquire the remaining 4.64% stake in its subsidiary, Brillare Science Pvt Ltd, on Wednesday, March 27.
The company disclosed in a stock exchange filing that it currently holds 95.36% of Brillare’s paid-up capital and has entered into a Share Purchase Agreement with the founder and other shareholders to acquire the remaining stake.
Following the acquisition, Emami’s shareholding in Brillare will increase from 95.36% to 100%, making Brillare a wholly-owned…
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