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.
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