Latest News ...

Rs10 Lakh crore investors’ wealth wiped out in 1 week; buy on dips or sell on rallies?

Wed - 2018-02-07 02:41:12

Emami announces strategic investment in Brillare Science for 26% equity stake through CCPS

Mon - 2018-02-05 04:41:52

Eight Core Industries at 4% in December | Trade Nivesh Investment

Wed - 2018-01-31 05:48:41

What is Long Term Capital Gain and why it important for investors?

Sat - 2018-01-27 11:04:30

RBI: Existing NBFC cannot operate as peer-to-peer lender

Thu - 2018-01-11 09:48:01

Investors getting notices for investing in scheme allowed by Rajan: Report

Mon - 2018-01-01 03:06:09

Bandhan Bank to offer 11.9 crore shares in IPO

Mon - 2018-01-01 02:50:25

Govt procures 5.60 lakh tonnes of Pulses under PSS so far | Trade Nivesh Investment

Thu - 2018-02-08 03:07:37

Bamboo fiber to replace Cotton in cloth production

Mon - 2018-02-05 05:26:30

India to become self-sufficient in Pulses in FY19: Govt |Trade Nivesh

Mon - 2018-01-29 10:40:51

Gujarat urges centre to procure more Groundnut

Sat - 2018-01-27 03:02:08

Fresh buying seen in Cardamom; Support seen at 1123.4

Mon - 2018-01-01 01:36:58

Support seen at 17640 for NCDEX Jeera

Mon - 2018-01-01 01:27:24

Base Metals Record Smashing Gains In 2017

Mon - 2018-01-01 01:20:03

Dollar Continues Its Decline on Last Trading Day of the Year

Fri - 2017-12-29 04:41:45

Dollar edges lower as oil price gain boosts commodity currencies

Wed - 2017-12-27 05:42:00

Market extends gains; Sensex jumps over 500 points

Thu - 2018-02-08 03:15:44

Sensex, Nifty erase gains on global cues, ahead of RBI policy

Wed - 2018-02-07 02:45:09

5 stocks you should avoid buying on Union Budget day Trade Nivesh Investment

Thu - 2018-02-01 11:25:02

Sensex rallies over 300 points; Auto, IT, Metal Index gain | Trade Nivesh

Mon - 2018-01-29 10:33:48

Delta Corp scales all-time high on solid Q3 results

Tue - 2018-01-16 11:33:32

RCom snaps 4-session winning streak on profit booking

Mon - 2018-01-01 12:20:42

Kotak Mahindra Bank hikes marginal cost based loan rates by 5-15bps

Mon - 2018-01-01 12:19:21

Top stocks in focus today: Auto stocks, BoB, SAIL, L&T

Mon - 2018-01-01 11:11:40

Profit booking, low volumes subdue key equity indices

Mon - 2018-01-01 11:07:33

Live News

Sat - 2016-10-15 12:56:11

Emami announces strategic investment in Brillare Science for 26% equity stake through CCPS

Emami announced a startegic investment in Brillare Science Private Limited (BSPL) embarking its entry into the growing professional salon segment. As per the deal, Emami would subscribe to (a) compulsory convertible preference shares (CCPS) in two tranches, which on conversion will result in 26% equity stake in BSPL on a fully diluted basis and (b) equity shares equivalent to 0.02% of the issued and paid up equity share capital. The deal will be done in cash and at mutually agreed price (not disclosed).

Emami subscribed to 100 equity shares (0.02%) in the company today and 1,13,887 CCPS in the first tranche and balance 1,13,986 CCPS will be subscribed by in the second tranche. Conversion of all the CCPS held by Emami into equity shares will result in 26% stake in BSPL.

BSPL is engaged into hair and skin beauty products (with pure natural ingredients), which are currently sold in and through the professional salons. Company operates under three brands – (a) Brillare Science (normal beauty care range for home use), (b) Elementi Puro (personalized hair & skin care) and (c) Root Deep (hair care products). BSPL reported Rs13cr of revenue in FY17, Rs5.8cr in FY16 and Rs3.6cr in FY15.

With rising disposable income, both men and women are spending a part of their earnings on grooming sessions, which provides a huge opportunity for the company. Thus, the investment in BSPL is in-line with the company's strategy of exploring professional personal care segment through channels like hi-end salons with potential of becoming one of the key channels in the future.

Emami Ltd is currently trading at Rs1095, down by Rs 8.65 or 0.78% from its previous closing of Rs1103.65 on the BSE.