Brands
Emami moves to acquire majority stake in Axiom Ayurveda in phased deal
First tranche lifts stake to subsidiary status, full buyout set by June
MUMBAI: Emami Limited has taken a decisive step to strengthen its play in the ayurveda segment, entering into a share purchase agreement to acquire a majority stake in Axiom Ayurveda Private Limited.
The company, which already held about 26.5 per cent in Axiom Ayurveda, is now set to raise its stake to around 73.5 per cent through the transaction. In the first tranche completed on 1 April, Emami acquired roughly 36.7 per cent equity, taking its total holding past the majority mark and turning Axiom Ayurveda into its subsidiary.
The remaining stake, comprising an equal portion, is expected to be acquired by June 2026, in line with the terms agreed under the share purchase agreement.
While financial details of the transaction were not reiterated in the latest filing, the move signals Emami’s intent to deepen its presence in the fast-growing ayurvedic and natural products space, where consumer demand continues to rise.
In a regulatory communication, Emami Limited company secretary and compliance officer Ravi Varma confirmed the completion of the first tranche and outlined the timeline for the remaining acquisition.
With Axiom Ayurveda now under its wing, Emami appears to be doubling down on traditional wellness with a modern twist, positioning itself to tap into both domestic demand and evolving global interest in ayurvedic products.
Brands
Ambit appoints Skanda Jayaraman as co-head of investment banking business
Leadership rejig sharpens ECM focus and expands sector-led advisory push
MUMBAI: Ambit Private Limited has strengthened its investment banking leadership with the appointment of Skanda Jayaraman as co-head of the division, signalling a sharper push into sector-led advisory and capital markets.
Jayaraman will share leadership responsibilities with Rahul Mody, as the firm looks to scale its advisory franchise and deepen client engagement across industries. The move is part of a broader leadership rejig aimed at expanding Ambit’s reach and execution capabilities in a competitive dealmaking environment.
With more than two decades of experience across fintech, investment banking and credit risk, Jayaraman brings a varied background to the role. He most recently founded Altflow Advisors, where he built a data-driven platform for the BFSI sector and advised mid-market clients on capital raising. Earlier, he served as CEO of Qapita Marketplace in Singapore and held a senior role at Spark Capital Advisors.
Alongside this appointment, Ambit has also realigned internal roles. Vikas Khattar will now focus exclusively on scaling the firm’s equity capital markets business while continuing to deepen its financial sponsors group coverage. The firm sees ECM as a key growth engine, driven by strong scalability and increasing capital market activity.
Commenting on the leadership changes, Ambit Private Limited group CEO Ashok Wadhwa said, “Skanda’s appointment marks an important step in driving the next phase of Ambit’s growth journey. His entrepreneurial mindset and strong execution track record will be instrumental as we partner with emerging and established leaders.”
The new structure is expected to enable more focused, sector-driven engagement, supported by dedicated leadership across key verticals. For Ambit, it is a case of tightening the top deck to play a bigger hand in India’s evolving M&A and capital markets landscape.
