Emami Group promoters divest 10 pc stake for Rs 1,230 crore in Emami Ltd
Homegrown FMCG firm Emami said on Monday its promoters have sold 10 per cent stake in the company for Rs 1,230 crore to reduce their debt.The stake sale occurred on the floor of the stock exchange to marquee institutional investors. The company said the divestment is intended to be used primarily for reducing debt at the promoter level.In February, the promoters offloaded 10 per cent stake in the firm for Rs 1,600 crore.The total promoter stake in Emami Ltd now stands at a controlling majority of... Читать дальше...