Emami promoters sell 10% stake for Rs 1,600 crore
The transaction was executed on the stock exchange on Monday and purchasers included SBI Mutual Fund, PremjiInvest, Amundi, IDFC, L&T Mutual Fund and Pioneer Investment.
Emami Group has large LAS (loan against securities secured against collateral) borrowings from non-MF lenders. Image source: official website