Emami Limited has invested Rs. 4.50 Crores by way of subscription to the Compulsory Convertible Preference Shares (CCPS) of Cannis Lupus Services India Private Limited (“Cannis”), its associate company.
Emami will hold 100% of CCPS of Cannis. Presently, Emami holds 30% Equity Share Capital of Cannis.
Cannis was incorporated on 1st May 2019 under the Companies Act, 2013, and has its registered office at S-323, 1st Floor, Uppal Southend, Sector – 49, Sohna Road, Gurgaon. It is engaged in the business of services for pets and are launching medicinal, food, supplements and other complimentary products for pets. Mr. Animesh Katiyar and Ms. Srishti Sharma are the founders of Cannis. Cannis achieved a turnover of Rs 46 lacs in FY2023.
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