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Credit Suisse buys 1.56% stake in Emami for Rs 141 cr

The shares were bought on an average price of Rs 595 valuing the deal size to Rs 140.84 crore

Press Trust of India  |  Mumbai 

Foreign fund house, Credit Suisse (Singapore) Ltd, today picked up 1.56% stake in home- grown FMCG company Emami Ltd for Rs 141 crore.

The shares were purchased through bulk deal on the stock exchanges.

As per information available with the stock exchanges, Credit Suisse (Singapore) Ltd, purchased 23.67 lakh shares amounting to 1.56% stake in Emami.

The shares were bought on an average price of Rs 595 valuing the deal size to Rs 140.84 crore.

Meanwhile, T Rowe Price International Inc offloaded 17.71 lakh shares in the FMCG firm for Rs 595.31 apiece aggregating the transaction to Rs 105.45 crore.

As of October-December quarter, T Rowe Price New Asia Fund held 17.78 lakh shares or 1.18% holding in Emami.

Emami scrip fell 1.39% to settle at Rs 615 on the BSE. PTI SP

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First Published: Tue, March 19 2013. 19:21 IST