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Emami Ltd

Emami: The company has announced strategic acquisition of 60% stake in IncNut Digital Pvt. Ltd. (IncNut) for Rs. 321 crore, with plans to increase its holding over the next 4.5 years, based on a performance-linked valuation. IncNut is the parent company of personalized skincare brand Vedix and dermatology-based brand SkinKraft. Vedix integrates time-tested Ayurvedic principles with modern data analytics to offer formulations tailored to individual prakriti and lifestyle parameters. SkinKraft adopts a dermatology-led approach, leveraging clinically validated ingredients to address specific skin and hair concerns. This move expands Emami’s digital-first footprint in the high-growth beauty and personal care (BPC) market. The transaction is expected to be completed within 30 days of announcement. Positive.

7 May 2026, 1:34PM
Mahindra Lifespace Developers Ltd

Mahindra Lifespace Developers Ltd. has launched Mahindra BeaconHill, an ultra-premium residential development in Mahalaxmi, South Mumbai, with a projected gross development value (GDV) of ₹1,650 crore. The 58-storey tower will offer 198 residences, marking the company's strategic return to the prime South Mumbai market. This launch follows robust FY26 sales growth and a cash-surplus balance sheet for the company. The stock saw a modest gain on the announcement.

7 May 2026, 1:22PM
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