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.