Brief by Shorts91 Newsdesk / 09:17am on 10 Sep 2024,Tuesday Business
Emami Ltd. has acquired The Man Company, a premium men's grooming brand, for ₹400 crores. Actor Ayushmann Khurrana, an angel investor in the company, has earned a 400% return on his investment made six years ago. The acquisition marks a significant milestone in India's growing male grooming market. Khurrana's investment has paid off substantially, demonstrating his savvy business move. The deal underscores the increasing importance of the men's grooming sector in India, with Emami Ltd. expanding its presence in the market.
