Emami Group expects to conclude sale of AMRI Hospitals this month

About Rs 1,650 crore of the proceeds of the deal will be utilised for servicing the existing debt of AMRI Hospitals which will make the business completely debt-free, the executives told ET on condition of anonymity. The balance proceeds will help the promoters reduce their share pledge in the flagship fast-moving consumer goods (FMCG) company Emami Ltd to almost 18% from 33%, they said.

Source: The Economic Times - August 17, 2023 Category: Consumer Health News Source Type: news