Emami Ltd increases stake in Helios Lifestyle to 48.49%

Emami ("The Company") has acquired 6840 Shares of Helios Lifestyle Private Limited ("Helios") from an existing shareholder, which has resulted in increase in Company's stake in Helios from 45.96% to 48.49%.

Helios is a start-up founded by Mr. Hitesh Dhingra, Mr. Parvesh Bareja and Mr. Bhisam Bhateja. It manufactures and sells male grooming products under brand "The Man Company". It caters to premium segment. It offers a head to toe range of grooming products for men which includes beard products, skin & hair care products, deodorant & perfumes, etc.

It has omni-channel presence and sells mainly in Indian market.

Shares of Emami Ltd was last trading in BSE at Rs. 562.25 as compared to the previous close of Rs. 563.2. The total number of shares traded during the day was 16865 in over 1116 trades.

The stock hit an intraday high of Rs. 568 and intraday low of 557.35. The net turnover during the day was Rs. 9475509.

Source : Equity Bulls

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