Emami rises on acquiring additional stake in Helios
Emami is currently trading at Rs. 743.50, up by 3.75 points or 0.51% from its previous closing of Rs. 739.75 on the BSE.
The scrip opened at Rs. 752.95 and has touched a high and low of Rs. 757.90 and Rs. 740.95 respectively. So far 6785 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 859.20 on 06-Sep-2024 and a 52 week low of Rs. 417.55 on 15-Mar-2024.
Last one week high and low of the scrip stood at Rs. 758.05 and Rs. 725.45 respectively. The current market cap of the company is Rs. 33001.58 crore.
The promoters holding in the company stood at 54.84%, while Institutions and Non-Institutions held 35.63% and 9.52% respectively.
Emami has acquired additional 3,274 equity shares of Helios Lifestyles (Helios) in the third tranche on October 08, 2024. Consequently, the Company’s stake in Helios has increased from 97.08% to 98.30%.
The completion of the acquisition of Helios by Emami will strengthen its presence in the fast growing digital first premium male grooming segment. Indian men are increasingly becoming more aware of the need to appear well groomed to stand out in a competitive environment. As a result, male grooming products are rapidly gaining traction, driving impressive market growth. The segment offers huge potential for innovation & growth. Emami is already an active player in the male grooming segment through its brand Fair and Handsome.
Emami is the flagship company of the Emami Group and engaged in manufacturing products under various categories namely Hair Care, Skin Creams and Lotions, Talcum Powder and ayurvedic health care products.
