Emami Ltd, one of the fastest growing FMCG Company in India, is presently in the process of exiting from the real estate business by selling 100% stake of its wholly-owned subsidiary, Emami Realty Ltd. 

A top company official stated that Emami is currently in talks with other parties for selling the stake of the company in the realty firm. 

According to them, it could be one of the various group companies of Emami to buy out the stake, or any other entity outside the group. 

Recently, the company has acquired controlling stake in Zandu Pharmaceuticals, and it plans to concentrate more on the FMCG business. Emami had spent nearly Rs 692 crore in acquiring stake in Zandu. 

Emami Limited’s FMCG business recorded a consolidated growth of 14 per cent in net sales to touch Rs 12 crore during the quarter ended September 2008 over the corresponding quarter in the previous year