Emami Ltd clarifies on acquisition of J&J brands

The Exchange has sought clarification from Emami Ltd with respect to news article appearing in The Times Of India on October 20, 2014 titled "J&J to sell 2 brands in India for Rs 300 Crs."

Emami Ltd has replied stating that the Company has not entered into any such arrangement so as to make intimation to the Stock Exchange. It is a media report over which the company has no control and the Company has not made any statement in this regard.

Shares of EMAMI LTD. was last trading in BSE at Rs.738 as compared to the previous close of Rs. 738.55. The total number of shares traded during the day was 18889 in over 1806 trades.

The stock hit an intraday high of Rs. 759.2 and intraday low of 735. The net turnover during the day was Rs. 14064171.

Source : Equity Bulls

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