Emami Ltd. to Acquire Remaining Stake in Axiom Ayurveda
Emami Limited announced on March 31, 2026, that its Board of Directors approved the purchase of approximately 73.5% of the paid-up capital of Axiom Ayurveda Private Limited (AAPL), an associate company, from existing shareholders. This acquisition will increase Emami’s ownership in AAPL to 100%, making it a wholly-owned subsidiary.The total consideration for the acquisition is up to Rs. 200 Crores. The transaction is expected to be completed by June 30, 2026.
Axiom Ayurveda Private Limited was incorporated on November 14, 2019, in Haryana. The company operates in the Fast Moving Consumer Goods sector, specifically in the healthy beverage segment. It has a registered office in Ambala Cantt, Haryana. AAPL's turnover for fiscal years 2024-25, 2023-24, and 2022-23 was INR 110 Crores, INR 107 Crores, and INR 129 Crores respectively. The company's product portfolio includes beverages and personal care items, contributing 15-20% to its own branded business.
The acquisition does not constitute a related party transaction, and none of Emami’s promoter or group companies have an interest in AAPL.
Table: Acquisition Details
| Particulars | Details |
|---|---|
| Target Entity | Axiom Ayurveda Private Limited |
| Acquisition Percentage | ~73.5% stake, bringing total ownership to 100% |
| Acquisition Cost | Up to Rs. 200 Crores |
| Completion Timeframe | By June 30, 2026 |
| Consideration Type | Cash |
| Turnover (FY 2024-25) | INR 110 Crores |
| Turnover (FY 2023-24) | INR 107 Crores |
| Turnover (FY 2022-23) | INR 129 Crores |
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