Emami enters F&B sector; acquires 100% stake in Alofrut maker Axiom Ayurveda
Emami, a fast-moving consumer goods company, has acquired a 73% stake in Axiom Ayurveda, the parent company of flavored drink Alofrut. This brings Emami’s total ownership to 100%. The acquisition is expected to be completed in the next three months. Emami’s growth strategy includes entering high-opportunity categories, such as health and wellness. | financialexpress.com