Emami share buyback size likely to be Rs 900-1000cr
The size of proposed buyback of shares by Emami Ltd is likely to be in the range of Rs 900-1,000 crore, sources said on Monday. The promoters currently hold 52.74 per cent stake in the company and 83 per cent of their holding is pledged.
The buyback could raise promoter stake to about 58 percent, sources said.
The company's board will meet on March 19 to consider the buyback and an interim dividend.
Read more...