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Emami files draft prospectus

KOLKATA, DEC. 29. Emami is looking at acquisition of brands, which will strengthen its presence in the personal and health care segment.

Company sources said that the proposed brand acquisition would be financed through a public issue of 50 lakh equity shares of Rs. 2 each for cash. The draft red herring prospectus for this issue was filed with the Securities and Exchange Board of India on December 28 and the price is to be discovered through the 100 per cent book building process.

— Our Special Correspondent

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