Emami has received an approval for the buyback of equity shares of the company for an aggregate amount not exceeding Rs 194.08 crore at a maximum price of Rs 300 per share. The indicative maximum number of equity shares proposed to be bought back at the maximum buyback size and maximum buyback Price would be 64,69,483 shares.
The Board of the company at their meeting held on March 19, 2020, approved the same.
Emami is the flagship company of the Emami Group and engaged in manufacturing products under various categories namely Hair Care, Skin Creams and Lotions, Talcum Powder and ayurvedic health care products.
