Emami plans to buy shares of hospital in West Bengal

Emami Limited, the producer of fast moving consumer goods, such as cosmetics, health and baby products is planning an acquisition. The 1000-crore Shrachi Group of Companies, involved in businesses as diverse as agro-machinery, engineering, real estate, information technology and medical services, holds over 32 per cent shares in the hospital chain, AMRI Hospitals. Emami has 66 per cent shares and is expected to buy the stake held by Shrachi Group. The West Bengal government holds 1.9 per cent in the hospital.