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Emami enters F&B sector; acquires 100% stake in Alofrut maker Axiom Ayurveda

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

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