Emami on the prowl for takeovers

Emami on the prowl for takeovers


Indian personal healthcare company, , has drawn up a second list of prospective acquisition targets after its failed bid to take over Paras Pharmaceuticals.

“We have a Plan B. There is a list of companies in the personal and healthcare sector which we will like to bid for. Emami had put in a Rs 3,400 crore bid for Paras Pharmaceuticals, but since we have not been successful, we will spend the money in growing our present brands,” says , Director, Emami.

The bid was turned down in favour of , who had submitted a bid of Rs 3,260 crore for the acquisition of Paras Pharmaceuticals.

Posted on: 24.12.2010
Source: www.economictimes.com