Emami is buying 19% stake into TruNativ.
Key points to note –
- TruNativ, founded in March 2019 is focused on healthy food and nutrition products.
- Emami has not disclosed the amount invested for the 19% stake.
- Consideration has been paid in cash to subscribe fresh equity of TruNativ.
- In FY21, TruNativ reported revenues of Rs 21 lakh.
The investment is in line with Emami’s focus on increasing it’s product offerings and leverage it’s distribution strength.
The numbers of the investee Company are too small to read anything meaningful into the transaction for now.