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Emami moves up as its group company plans to raise Rs 120 crore

17 Jun 2013 Evaluate

Emami is currently trading at Rs. 729.00, up by 0.25 points or 0.03% from its previous closing of Rs. 728.75 on the BSE.

The scrip opened at Rs. 735.00 and has touched a high and low of Rs. 746.00 and Rs. 728.00 respectively. So far 1289 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 793.00 on 27-May-2013 and a 52 week low of Rs. 468.10 on 21-Aug-2012.

Last one week high and low of the scrip stood at Rs. 755.95 and Rs. 690.10 respectively. The current market cap of the company is Rs. 11029.11 crore.

The promoters holding in the company stood at 72.74% while Institutions and Non-Institutions held 17.91% and 9.36% respectively.

Emami Paper Mills, a part of the Rs 6,000 crore Emami Group, has received an approval for raising Rs 120 crore through issue of preference shares to finance its expansion project at Odisha’s Balasore. The board of director at its meeting held on June 14, 2013, has considered and approved the issue of 30,00,000 Cumulative Redeemable Non-Convertible Preference Shares of Rs 100 each at a premium of Rs 300 each aggregating to Rs 120 crore.

The amount raised will be used for part finance of the Expansion Project at Balasore, Orissa for manufacturing 100,000 TPA Multi-Layer Coated Board paper. The shares would be issued on preferential basis to the promoters of the company in one or more tranches.

Emami Paper Mills is engaged in manufacturing of NP and Printing and Writing Paper (PWP) with aggregate installed capacity of 145,000 tonnes per annum. The company is one of the leading NP manufacturers in India and caters to majority of the newsprint buyers in Eastern India.

Emami Share Price

451.45 25.50 (5.99%)
17-Apr-2026 16:59 View Price Chart
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