India’s FMCG Major Emami Acquires Controlling Stakes In Australian Personal Care Fravin
Advertisement
Advertisement
Advertisement
Indian personal care major “Consequent to the above acquisition, Fravin Pty Ltd along with its three subsidiary firms have also become subsidiaries of the Company (Emami Limited),” said the company in a letter to the National Stock Exchange (
The company also stated that Fravin Pty Ltd primarily manufactures natural and organic personal care products in Australia and has a stronghold in the research and development sector of the field. However, the company did not disclose the value of the deal in its filings.
It should be noted that Emami has been eyeing overseas acquisition in order to strengthen its brand portfolio via international deals. According to a news report, the homegrown company has been emphasising on brand extensions and has plans of investing in brand promotion as well as new launches.
Advertisement
- 2 states where home prices are falling because there are too many houses and not enough buyers
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- 9 health benefits of drinking sugarcane juice in summer
- 10 benefits of incorporating almond oil into your daily diet
- From heart health to detoxification: 10 reasons to eat beetroot
- Why did a NASA spacecraft suddenly start talking gibberish after more than 45 years of operation? What fixed it?
- ICICI Bank shares climb nearly 5% after Q4 earnings; mcap soars by ₹36,555.4 crore