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Emami eyeing Rs 1,000 crore acquisition in three months

17 Aug 2011 Evaluate

Emami, a Kolkata-based FMCG firm, is eyeing to complete Rs 1,000 crore acquisition in three months. The company is aggressively pursuing multiple targets and will try to keep the deal below 1,000 crore. However, the company will be ready to invest further if there is good target. Emami, the makers of Boroplus, Navratna Oil and Zandu Balm, is in final stages of negotiations with a couple of target firms in India and abroad, including the personal care business of Paras Healthcare, which Reckitt Benckiser bought last year and now plans to sell off.

Last year, Emami had lost out to Reckitt Benckiser in the race to buy Paras' personal care business that includes brands such as Livon, Borosoft, SetWet, DermiCool, Moov, Krack foot and ItchGuard. The company offered 3,400 crore for acquiring Paras and it can raise more money if required. The company has already cash reserve amounting to Rs 3,400 crore and it is debt free company which has got option to raise cash if required. Also the promoters can even off-load 4-5% equity to raise money.

Emami plans to enter the premium personal and healthcare segment with a new brand over the next one year. The new brand will offer products in personal care and healthcare segments. Its Fair & Handsome brand leads the men fairness cream market in India with 66% market share, while its Boroplus is the largest selling antiseptic cream in India, Ukraine, Russia and Nepal.
  

Emami Share Price

423.50 -0.75 (-0.18%)
13-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Hindustan Unilever 2127.50
Godrej Consumer Prod 1059.55
Dabur India 424.75
Colgate Palmol. (I) 1915.65
P&G Hygiene 9821.25
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