Emami Raises Rs 950 crore for Kesh King Buy

Industry:    2015-12-02

KOLKATA: Emami Ltd has raised Rs 950 crore debt to partially fund the acquisition of Kesh King brand of hair products which was touted as one of the biggest deal in recent times in the Indian FMCG industry. The Kolkata-based makers of Fair and Handsome and Zandu Balm said the balance amount of the Rs 1684 crore Kesh King deal will be funded from internal accruals, its first quarter earnings release said. “The Kesh King business is being integrated with Emami’s existing busi ..

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