Emami Ltd

Emami Paper Mill’s PAT up by 2%

Emami Paper Mill’s PAT up by 2%

Emami Group Company’s Emami Paper Mills has declared its fourth quarter financial results for the fiscal year 2009-10 and it has managed to post a marginal rise in net profit figure.

The company has posted a profit-after-tax of Rs 2.39 crore for the quarter that ended in 31st March, 2010. The profit-after-tax was reported to be Rs 2 crore for the same quarter in the financial year 2008-09. This PAT figure has grown up by 2% in this quarter as compared to the same quarter in the last fiscal. This has been informed by the firm in a filing at the Bombay Stock Exchange.

Zandu Pharmaceuticals to be demerged into Emami

Zandu Pharmaceuticals to be demerged into EmamiThe merging of Fast Moving Consumer Goods (FMCG) business of Zandu Pharmaceuticals with their counterpart in Emami has been decided by Emami Ltd., Kolkata. The company took control of Zandu Pharmaceuticals for Rs 750 crore in October 2008.

Emami to purchase more Zandu shares

FMCG major Emami Ltd has announced that the company has inked a share purchase pact with Zandu promoter group.

The company has entered into the proposed agreement with the aim to acquire additional 18.18% shares in Zandu. 

According to the company officials, the purchase of these additional stocks would entitle Emami to be the largest shareowner of Zandu.

The consideration bagged by the existing promoter group of Zandu, would be Rs 15,000 per share and a non-compete fee of Rs 22 crore. 

Emami Sweetens Zandu Offer

The fast moving consumer goods major (FMCG), Emami Ltd, on Friday said that it has revised the open offer price for purchasing 20 percent stake in Zandu Pharmaceutical to Rs 16,500 per share. 

Earlier this month, the company said that it has more than doubled its open offer price for Zandu to 15000 rupees a share from 7315 rupees earlier.