Emami Ltd has increased its stake in Brillare Science Pvt Ltd (Brillare), the Subsidiary Company, from 80.59% to 82.92% on the Issued and Paid-up capital of the said subsidiary company. Brillare Science Pvt Ltd. is a professional beauty care company that offers skin, hair, and body care products for professional salon and home use. It is the owner of the Brillare Science and Root Deep brands.
Emami Ltd currently owns 80.59% of Brillare. Following the issuance of 3,01,160 equity shares, the Company’s stake in Brillare would rise to 82.92% on an Issued and Paid-up capital basis.