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Corporate News 28-Sep-23

Emami to acquire 26% stake in Axiom Ayurveda

Emami has entered into definitive agreements today to acquire 26% of shareholding of Axiom Ayurveda (Axiom) on a fully diluted basis, which owns the brand “Alofrut” - a proprietary fusion of aloevera pulp with fruit blend.

This investment is in line with Emami's strategy to invest in Health & Wellness segment and will also help Emami to enter into this growing segment.

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