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Emami raises Rs 950 crore debt to fund acquisition of Kesh King: Report

07 Aug 2015 Evaluate

In a bid to partially fund the acquisition of Kesh King brand of hair products, Emami has reportedly mopped up Rs 950 crore debt. The balance amount of the Rs 1,684 crore Kesh King deal will be funded from internal accruals.

Kesh King's market presence was limited to seven states only and Emami plans to export the product in markets where there is sizeable Indian diaspora. The acquisition enabled Emami to enter the ayurvedic hair and scalp care segment.

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