Emami gains on inking pact to acquire Sanjeev Juneja’s hair & scalp care business

03 Jun 2015 Evaluate

Emami is currently trading at Rs. 1099.00, up by 32.85 points or 3.08% from its previous closing of Rs. 1066.15 on the BSE.

The scrip opened at Rs. 1085.00 and has touched a high and low of Rs. 1116.90 and Rs. 1084.65 respectively. So far 14,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1160.00 on 01-Jun-2015 and a 52 week low of Rs. 448.00 on 06-Jun-2014.

Last one week high and low of the scrip stood at Rs. 1160.00 and Rs. 1044.00 respectively. The current market cap of the company is Rs. 24,943.00 crore.

The promoters holding in the company stood at 72.74% while Institutions and Non-Institutions held 17.98% and 9.28% respectively.

Emami has entered into an agreement with Sanjeev Juneja to acquire his hair & scalp care business under the ‘Kesh King’ and allied brands. The transaction envisages transfer of the business as a going concern on a slump sale basis and will include brand portfolio of ayurvedic medicinal oil, herbal shampoo & conditioner and ayurvedic capsules along with its respective formulations and all related assets, rights and liabilities including working capital for a total consideration of Rs 1651 crore.

The acquisition process is expected to be completed in a month’s time. Promoters / Promoter group / Group Companies do not have any interest in the above acquisition and the acquisition does not fall in related party transaction.

Emami manufactures products under various categories namely Hair Care, Skin Creams and Lotions, Talcum Powder and ayurvedic health care products. Emami’s Boroplus portfolio is worth Rs 400 crore, comprising of three brands -- BoroPlus Antiseptic Cream, Boroplus Advanced Moisturizing Lotion and BoroPlus Prickly Heat Powder.


Emami Share Price

709.35 3.20 (0.45%)
14-Jun-2024 16:01 View Price Chart
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