Acquisitions7 May 2026, 11:33 am
Emami Acquires Majority Stake in Vedix and SkinKraft
AI Summary
Emami Ltd has acquired a 60% stake in IncNut Digital Pvt. Ltd., which owns Vedix and SkinKraft, for ₹321 crore, including performance-linked adjustments over 24 months. Emami will acquire the remaining stake in IncNut Digital within the next 4.5 years in two tranches. This acquisition strengthens Emami's presence in the personalized beauty and personal care segment, aligning with its strategy to build a consumer-centric portfolio.
Key Highlights
- Emami acquires a 60% stake in IncNut Digital for ₹321 crore.
- The acquisition includes performance-linked adjustments over 24 months.
- Emami will acquire the remaining stake in IncNut Digital in future tranches.
- Vedix and SkinKraft offer personalized haircare and skincare solutions.
- The acquisition strengthens Emami's presence in the BPC segment.