Emami Limited Completes Acquisition, Establishes Subsidiary Status with IncNut Digital Private Limited
Emami Limited announced today, June 1, 2026, the successful acquisition of a significant stake in IncNut Digital Private Limited, thereby making IncNut a subsidiary of the company.The acquisition involved Emami Limited acquiring 2,05,767 equity shares, which represents a 59.69% stake in IncNut Digital Private Limited.
The company confirmed that the remaining stake acquisition of IncNut will be finalized according to the terms stipulated in the Share Subscription and Purchase Agreement. The remaining stake amounts to 0.31%, totaling 1,064 equity shares.
For quick reference, the details of the completed acquisition are summarized below:
| Metric | Value |
|---|---|
| Target Company | IncNut Digital Private Limited |
| Date of Acquisition | June 1, 2026 |
| Shares Acquired | 2,05,767 |
| Stake Acquired | 59.69% |
| Resulting Status | Subsidiary of Emami Limited |
| Remaining Stake | 0.31% (1,064 shares) |
EMAMILTD Stock Price Movement
Today, Emami Limited shares edged higher to close at ₹439, capitalizing on a strong 10.00% rally. The equity gained ₹39.90 on a volume of 98,561 shares, pushing the stock to hit its 52-week high of ₹439.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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