Promoters' pledge will be down to zero by Mar 2021: Emami Group director

The promoters' debt, that is loan against shares, is Rs 3,000 crore

A day after Emami Group announced it would sell its cement business to Nuvoco Vistas, Emami Group Director Mohan Goenka tells Ishita Ayan Dutt & Avishek Rakshit that the firm will focus on FMCG, agro paper and real estate sectors. Edited excerpts:

What is the promoters’ pledge now in Emami and by when will it come down?

Currently, the pledge is around 70 per cent. After we receive the money, post-regulatory approvals, which is expected by May-June, we would receive a total of Rs 3,300 crore. This is a 100 per cent cash deal.

The promoters’ debt, that is loan against