As part of the transaction, Emami has already acquired an additional 36.7% stake in the first tranche, taking its holding to 63.2%. The balance stake will be acquired in subsequent tranches, with the deal expected to close over the next three months, subject to regulatory approvals and customary conditions.
from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/personal-care-pet-supplies-liquor/emami-ltd-to-acquire-100-stake-in-axiom-ayurveda-in-deal-worth-up-to-200-crore/129977345
from Top Retail News | Latest Retailing & Retail Industry Information and Updates: ET Retail : ETRetail.com https://retail.economictimes.indiatimes.com/news/food-entertainment/personal-care-pet-supplies-liquor/emami-ltd-to-acquire-100-stake-in-axiom-ayurveda-in-deal-worth-up-to-200-crore/129977345