Thursday , October 21 2021

Emami trades higher on the BSE

Emami is currently trading at Rs. 283.70, up by 14.10 points or 5.27% from its previous closing of Rs. 267.30 on the BSE.

The scrip opened at Rs. 272.00 and has touched a high and low of Rs. 283.25 and Rs. 271.75 respectively. So far 180074 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 598.95 on 01-Aug-2018 and a 52 week low of Rs. 246.00 on 24-Jun-2019.

Last one week high and low of the scrip stood at Rs. 324.80 and Rs. 246.00 respectively. The current market cap of the company is Rs. 12769.20 crore.

The promoters holding in the company stood at 62.74%, while Institutions and Non-Institutions held 28.70% and 8.52% respectively.

The promoters of Emami Group have undertaken a stake sale 10% in Emami for raising approximately Rs 1,230 crore. This amount is intended to be used primarily for further reducing debt at the promoter level. The stake sale occurred on the floor of the stock exchange to marquee institutional investors.

The total promoter stake in Emami subsequent to the stake sale, stands at a controlling majority of 52.74%. The promoters intend to maintain this controlling majority stake in Emami without further diluting it.

Emami is the flagship company of the Emami Group and engaged in manufacturing products under various categories namely Hair Care, Skin Creams and Lotions, Talcum Powder and ayurvedic health care products.

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