• SENSEX
    NIFTY 50
Retail

Emami Group stake sale continues, now lines up paper biz, cement assets

Updated : June 25, 2019 12:47 PM IST

Promoters hold 74.9 percent in Emami Paper Mills, which is listed on the stock exchanges and has a market capitalisation of about Rs 550 crore based on Monday’s closing price.
The company made Rs 1,542 crore of revenues and a net profit of Rs 44 crore in financial year 2018-19.
The Emami promoters are keen to dispel market concerns and lower their debt burden of around Rs 2,200 crore, which was raised by pledging their shares in listed flagship Emami.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV