Emami has allotted 3,000 unsecured Non-Convertible Debentures (NCDs) of the face value of Rs 10 lakh each, aggregating to Rs 300 crore to DBS Bank on private placement basis. The entire proceeds of the above NCD issue will be used to retire the short term debt including payment of Commercial papers. The above issue / allotment of NCDs are in terms of the approval granted by the shareholders of the company on August 05, 2015.
Emami manufactures products under various categories namely Hair Care, Skin Creams and Lotions, Talcum Powder and ayurvedic health care products.
