Foreign fund house, Credit Suisse (Singapore), has acquired 1.56% stake in FMCG company Emami for Rs 141 crore through bulk deal on the stock exchanges. The company has bought 23.67 lakh shares on an average price of Rs 595 per share.
In the meantime, T Rowe Price International Inc has also offloaded 17.71 lakh shares in the FMCG firm for Rs 595.31 apiece aggregating the transaction to Rs 105.45 crore.
Emami manufactures products under various categories namely Hair Care, Skin Creams and Lotions, Talcum Powder and ayurvedic health care products.
