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Promoters sell 10% stake in Emami Ltd for Rs 1,600 crore

Updated : February 19, 2019 06:17 AM IST

The transaction was executed on stock exchanges and the purchasers include SBI Mutual Fund, PremjiInvest, Amundi, IDFC, L&T Mutual Fund and others, the group said in a statement.
The stake sale proceeds will be used to pare promoter debt, which was used in creation of assets like cement and solar power, among others, it added.
Promoters sell 10% stake in Emami Ltd for Rs 1,600 crore
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