Emami trades higher on subscribing additional stake in Brillare Science
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Emami is currently trading at Rs. 517.50, up by 3.75 points or 0.73% from its previous closing of Rs. 513.75 on the BSE.
The scrip opened at Rs. 504.35 and has touched a high and low of Rs. 521.00 and Rs. 504.35 respectively. So far 11176 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. 340.95 on 20-Mar-2023.
Last one week high and low of the scrip stood at Rs. 521.00 and Rs. 448.00 respectively. The current market cap of the company is Rs. 22588.88 crore.
The promoters holding in the company stood at 54.52%, while Institutions and Non-Institutions held 37.68% and 7.80% respectively.
Emami has further subscribed to the equity share capital of Brillare Science (Brillare), the subsidiary company; consequently, the company's stake in Brillare has been increased from 82.92% to 95.36% on Issued & Paid-up capital of the said subsidiary company. Brillare Science, a professional beauty care company offering products in skin, hair & body care for professional salon and home use. It owns Brillare Science and Root Deep brand.
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.
