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BSE SENSEX
77,155.79
-422.59
-0.54 %
Corporate Announcement
Security Code
531162
Company
EMAMI LTD.-$
Exchange Received Time
21/11/2024 18:44:57
Exchange Disseminated Time
21/11/2024 18:44:57
Time Taken
00:00:00
Announcement under Regulation 30 (LODR)-Updates on Acquisition |
11/21/2024 6:44:57 PM
This is in furtherance to our intimation dated (i) 30th August 30, 2024, regarding approval of our Board of Directors for acquisition of the remaining 49.60% stake in our subsidiary, Helios Lifestyle Pvt. Ltd., (Helios), and subsequent intimations dated (ii) 31st August, 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, (iii) 5th September, 2024, for first tranche (iv) 14th September, 2024 for second tranche and (v) 8th October, 2024 for third tranche, we now wish to inform you that, in the last tranche of this transaction, 4,585 equity shares of Helios have been acquired by the Company, i.e., 21st November, 2024. Consequently, the company''s stake in Helios has increased from 98.30% to 100%.
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