Emami has the right to ramp up its stake in Brillare, says director Harsha V. Agarwal. Photo: Indranil Bhoumik/MintKolkata: Consumer goods maker Emami Ltd on Monday said it had concluded a deal to acquire a substantial minority stake in Brillare Science Pvt. Founded in 2009 and based in Ahmedabad, Brillare produces hair and skin care products, and sells them to professional salons. Emami has the right to ramp up its stake in Brillare, said Harsha V. Agarwal, a director, adding that under the deal, performance targets have been set for Brillare. In early December, Emami announced it had agreed to acquire a 30% stake in another new consumer goods maker, Helios Lifestyle Pvt.

Source: Mint February 05, 2018 18:00 UTC