Emami Limited has informed the Exchange about Acquisition by way subscription to Optionally Convertible Debentures, Cannis Lupus Services India Private Limited, an associate company.
EMAMILTD · price
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Emami Limited has agreed to invest in Cannis Lupus Services India Private Limited, its associate company in the pet care segment, by subscribing to Optionally Convertible Debentures (OCDs). The deal involves converting existing inter-corporate loans of about Rs 8.23 crore into OCDs, plus a fresh infusion of Rs 4 crore via OCD subscription — totaling roughly Rs 12.23 crore, priced at face value. Cannis runs the pet care brand 'Fur Ball Story' offering Ayurvedic and herbal remedies for pets. Its turnover stood at Rs 510 lakh in FY25, Rs 666 lakh in FY24, and Rs 46 lakh in FY23, indicating an early-stage business. Since Cannis is an associate of Emami, this is a related-party transaction, but promoters and group companies have no direct interest in Cannis itself.
This is a relatively small investment (around Rs 12 crore) that strengthens Emami's exposure to the fast-growing pet care category through its associate, but is unlikely to move the stock meaningfully on its own. Investors should watch for future traction in Cannis's pet care business under the Fur Ball Story brand.