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Corporate Announcement
  • Security Code531162
    CompanyEMAMI LTD.-$
    Exchange Received Time14/09/2024 21:46:21
    Exchange Disseminated Time14/09/2024 21:46:22
    Time Taken00:00:01
     
     
     Announcement Under Regulation 30 (LODR) - Updates On Acquisition | 9/14/2024 9:46:22 PM 
     This is in furtherance to our earlier intimations (i) dated August 30, 2024 regarding receipt of the approval of our board of directors for acquisition of the remaining 49.60% stake in our subsidiary, Helios Lifestyle Pvt Ltd ("Helios"), (ii) intimation dated August 31, 2024 regarding the execution of a share purchase agreement by Emami Ltd. (the "Company") with Mr. Parvesh Kumar, Mr. Hitesh Dhingra, Mr. Bhisham Bhateja (the promoter shareholders), and other non-promoter shareholders of Helios and (iii) intimation dated 5th September, 2024 for first tranche of acquisition of 1,18,069 equity shares of Helios & increase of Company''s stake in Helios from 50.40% to 94.24%. We now wish to inform you that, in the second tranche of this transaction, 7644 equity shares of Helios have been acquired by the Company today i.e. 14th September, 2024. Consequently the Company''s stake in Helios has increased from 94.24% to 97.08%. 
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(24) 18 Oct 24|10:05 (IST)