News of Company Acquisition Surfaces After Market Close; Emami Acquires Full Stake in Axiom Ayurveda
Emami Limited has announced plans to expand its health and wellness business portfolio. In an exchange filing, the company disclosed its decision to acquire a 100% stake in Axiom Ayurveda Pvt Ltd. The company has entered into an agreement for this acquisition, under which it will acquire the remaining approximately 73.5% stake in Axiom.
Deal Valued Up to ₹200 Crore
According to the company, this acquisition will be concluded for a value of up to ₹200 crore and will be completed in a phased manner over the next three months. Prior to this, Emami held an approximately 26.5% stake in Axiom; it has now initiated the process to acquire the remaining shares.
Entry into the Beverage Sector
With this acquisition, Emami marks its formal entry into the beverage sector. Axiom’s product portfolio includes:
* “AloFrut” brand juices
* “Jeevan Ras” health drinks
* “Mukti Gold” beauty products
Notably, the Aloe Vera-based “AloFrut” juices are rapidly gaining popularity in the market.
Rapidly Growing Business
According to the company, Axiom is a profitable and rapidly growing enterprise, projected to achieve a turnover of approximately ₹180 crore in FY26.
Harsha Vardhan Agarwal, Vice Chairman and MD of Emami, stated that the company’s strategic focus lies on expanding into emerging segments within the health and wellness sector. This acquisition forms an integral part of that strategy, which is expected to provide a new direction for future growth.
Appointment of New CEO
To drive its growth trajectory forward, Axiom Ayurveda has appointed Harkirat Bedi as its CEO; Bedi previously held key leadership positions at Dabur Nepal.
