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Emami sells 100% equity stake in Emami Cement

15 Jul 2020 Evaluate

Emami has completed the divestment of their 100% equity stake in Emami Cement to Nuvoco Corporation (NVCL). The company has completed the divestment for an enterprises value of Rs 5500 crore.

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.

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