Emami inches up on subscribing additional stake in Brillare Science
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Emami is currently trading at Rs. 388.45, up by 1.15 points or 0.30% from its previous closing of Rs. 387.30 on the BSE.
The scrip opened at Rs. 385.05 and has touched a high and low of Rs. 398.00 and Rs. 385.05 respectively. So far 861 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 524.95 on 26-Sep-2022 and a 52 week low of Rs. 374.90 on 27-Feb-2023.
Last one week high and low of the scrip stood at Rs. 405.90 and Rs. 374.90 respectively. The current market cap of the company is Rs. 17085.74 crore.
The promoters holding in the company stood at 54.27%, while Institutions and Non-Institutions held 38.16% and 7.56% respectively.
Emami has further subscribed Equity Share Capital of Brillare Science (Brillare) -- the Subsidiary Company. Consequently, the company's stake in Brillare has increased from 80.59% to 82.92% on Issued & Paid-up capital of the said subsidiary company. Currently, Emami holds 80.59% stake of Brillare. Post allotment of 3,01,160 equity shares, Company’s stake in Brillare would increase to 82.92% on Issued & Paid-up capital basis.
Emami is the flagship company of the Emami Group and engaged in manufacturing products under various categories namely Hair Care, Skin Creams and Lotions, Talcum Powder and ayurvedic health care products
