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.
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» Emami Group expects to conclude sale of AMRI Hospitals this month
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