A day after Emami Group announced it would sell its cement business to Nuvoco Vistas, Emami Group Director Mohan Goenka tells Ishita Ayan Dutt & Avishek Rakshit that the firm will focus on FMCG, agro paper and real estate sectors. Edited excerpts: What is the promoters’ pledge now in Emami and by when will it come down? Currently, the pledge is around 70 per cent.
After we receive the money, post-regulatory approvals, which is expected by May-June, we would receive a total of Rs 3,300 crore. This is a 100 per cent cash deal. The promoters’ ...
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First Published: Fri, February 07 2020. 21:28 IST
