The Company has informed that the Board of Directors at the Board meeting held on 7th May, 2026 , has approved the execution of SSPA for acquiring stake in IncNut Digital Private Limited.
EMAMILTD · price
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Emami Ltd's Board has approved acquiring 60% stake in IncNut Digital Private Limited through a Share Subscription and Purchase Agreement (SSPA). The total consideration is up to Rs. 321 crores in cash. IncNut Digital operates through its subsidiary IncNut Lifestyle Retail Private Limited, which runs personalized beauty brands Vedix and SkinKraft. The deal is expected to close within 30 days, following which IncNut Digital will become Emami's subsidiary. The company also plans to acquire the remaining stake within 4.5 years based on future performance. IncNut Digital had consolidated turnover of Rs. 175.1 crore in FY 2024-25.
This acquisition strengthens Emami's presence in the high-growth personalised beauty and personal care (BPC) segment. The Rs. 321 crore deal adds Vedix and SkinKraft brands to Emami's portfolio, positioning the company to capture growing consumer demand in customized beauty products.