Emami Limited Buyback 2020
(i) Emami Limited is one of the leading and fastest-growing personal and healthcare businesses in India, with an enviable portfolio of household brand names such as BoroPlus, Navratna, Fair and Handsome, Zandu Balm, Mentho Plus Balm, Fast Relief and Kesh King.
(ii) Established in 1974, they have a portfolio of over 300 + products based on ayurvedic formulations. The current operations comprise more than 60+ countries including. SAARC, MENAP, SEA, Africa, Eastern Europe and the CIS countries. Over 130 Emami products are sold every second somewhere around the world. Emami Limited, the flagship company of the Group, recorded a turnover of Rs 2693 crore, in 2018-19.
(iii) Emami acquired the heritage brand Zandu in 2008 on the basis of huge business synergy between the two brand portfolios.
(iv) Emami also acquired the Ayurvedic Hair & Scalp business of “Kesh King” as a business strategy in 2015. In January 2019, the company also acquired Creme 21, a German brand with strong roots & brand recall.
(vi) They employ around 3200 people, reach out to 45 lakh plus retails outlets through a network of 3200 distributors and have invested in Eight plants, Four regional offices, 1 overseas unit, Eleven overseas subsidiaries, 31 distribution centers and 1 Associate across India.
Buy Back Offer Deal:
|Buyback Type:||Open Market|
|Buyback Opening Date:||Mar 27 2020|
|Buyback Closing Date:||Sep 26 2020|
|Buyback Offer Amount:||₹ 194|
|Date of Board Meeting approving the proposal:||Mar 19 2020|
|Date of Public Announcement:||Mar 19 2020|
|Price Type:||Open Market|
|Buyback Price:||₹ 300 Per Equity Share|
Details of Buyback:
Salient financial parameters:
|Particulars( in Cr)||Mar-15||Mar-16||Mar-17||Mar-18||Mar-19|