Emami Limited has announced the successful completion of its acquisition of 2,05,767 equity shares, representing a 59.69% stake, in IncNut Digital Private Limited. This acquisition, finalized on June 1, 2026, makes IncNut a subsidiary of Emami. The company also noted that the acquisition of the remaining 0.31% stake is expected to be completed as per the Share Subscription and Purchase Agreement.
Emami Limited Finalizes IncNut Acquisition
Emami Limited has successfully concluded its acquisition of a significant stake in IncNut Digital Private Limited. The company has acquired 2,05,767 equity shares, which equates to a 59.69% ownership in IncNut. This strategic move, officially completed on June 1, 2026, establishes IncNut Digital Private Limited as a subsidiary of Emami Limited.
Further Stake Acquisition Planned
The announcement also highlighted plans for acquiring the remaining shares in IncNut. The acquisition of an additional 0.31% stake, comprising 1064 equity shares, is set to proceed as per the terms outlined in the existing Share Subscription and Purchase Agreement. This comprehensive acquisition strategy aims to consolidate Emami’s control over its new subsidiary.
Source: BSE
