Emami Limited has announced its decision to acquire a 73.5% stake in Axiom Ayurveda Private Limited, an associate company, for a total consideration of up to ₹200 crore. This acquisition will result in Emami holding 100% of the paid-up capital of Axiom Ayurveda, thereby making it a wholly-owned subsidiary.
The acquisition, which is expected to be completed by 30th June 2026, is a cash transaction and does not fall under related party transactions. None of Emami’s promoter or group companies have any interest in Axiom Ayurveda, except for its status as an associate of Emami.
Axiom Ayurveda, incorporated on 14th November 2019, operates in the fast-moving consumer goods sector, specifically focusing on healthy beverages. The company, based in Haryana, India, is known for its proprietary fusion of aloe vera pulp with fruit blends and has a product portfolio that includes beverages and personal care items. These products contribute approximately 15-20% to its own branded business.
The consolidated turnover of Axiom Ayurveda for the financial years 2024-25, 2023-24, and 2022-23 were ₹110 crore, ₹107 crore, and ₹129 crore, respectively.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).