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Emami for more acquisitions in domestic market

20 Aug 2010 Evaluate

For FMCG major Emami Ltd, acquisitions in the personal and healthcare sector in the domestic market is on the company's radar. It is looking actively at acquisitions in the domestic and international markets. It has mandated Ernst & Young to advise us on domestic market targets. Things are in the evaluation stage and nothing has been finalised.

 

The market capitalisation of one of the target companies is Rs 800-1000 crore with considerable brand strength. Zandu was the last major company acquired by Emami.

 

As far as overseas targets are concerned, the company's two attempts, one in Turkey and the other in the UK had failed. The company, however, is on the lookout for possible takeover opportunities valued within Rs 1,500 crore.

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Emami Share Price

424.25 5.70 (1.36%)
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