EMAMI UPS STAKE IN ZANDU TO 27.5%

摘要

Emami, the Rs 600- crore fast moving consumer goods (FMGC) company, today increased its stake in Zandu Pharmaceutical Works to 27.5 per cent from its earlier holding of 3.5 per cent. The company brought the 24 per cent from the vaidyas, who are the descendants of Zandu Pharmaceutical Works' founder Vaidya Zandu Bhattji. Before this deal, the promoters were holding 42 per cent in Zandu, as per the official declaration available with stock exchanges.