Emami Ltd increases stake in Brillare to 82.92%

Emami Ltd has further subscribed Equity Share Capital of Brillare Science Pvt Ltd (Brillare), the Subsidiary Company; consequently, the company's stake in Brillare has increased from 80.59% to 82.92 % on Issued & Paid-up capital of the said subsidiary company.

Brillare Science Pvt Ltd., a professional beauty care company offering products in skin, hair & body care for professional salon and home use. It owns Brillare Science and Root Deep brand.

Currently, Emami Ltd holds 80.59% stake of Brillare. Post allotment of 3,01,160 equity shares, Company's stake in Brillare would increase to 82.92% on Issued & Paid-up capital basis.

Shares of Emami Limited was last trading in BSE at Rs. 387.30 as compared to the previous close of Rs. 395.30. The total number of shares traded during the day was 9091 in over 1024 trades.

The stock hit an intraday high of Rs. 396.15 and intraday low of 386.00. The net turnover during the day was Rs. 3528539.00.

Source : Equity Bulls

Keywords

Emami INE548C01032 StakeIncrease BrillareScience