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Thursday, August 19, 2010 (15:55:34) |
| Tags : business, healthcare |
Emami scouting domestic and overseas acquisitions
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| Kolkata, Aug 19: City-based Emami Group is planning to acquire a domestic company in the personal and healthcare segment with a market cap of around Rs.800-1,000 crore, a top group official said here today.
"Within the country we are looking at companies having a portfolio of two-three brands," Chairman R.S. Agarwal told reporters after the annual general meeting of the company.
The Rs.3,000-crore diversified group has engaged Ernst & Young to identify targets for it.
Emami is also looking for a suitable buy in the overseas market in personal care segment and is open to spend up to Rs.1,500 crore for such a buy.
"We are still looking at companies overseas specifically in markets like the Middle East, South Africa and the CIS region," Agarwal said.
Emami's products are exported to more than 60 countries. (IANS) |
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