Emami hikes stake in male grooming startup The Man Company

New Delhi: Emami NSE 0.53 % Ltd. has hiked its stake in male grooming startup The Man Company to 45.96%, following the acquisition of additional shares, the Kolkata-based consumer goods maker said.

The company did not disclose the financial details of the transaction.

Emami previously held a 33.09% stake in Helios Lifestyle—operator of the ‘The Man Company’ brand—by acquiring shares in two tranches in December 2017 and in February 2019.