Emami Limited (BSE:531162) expects to conclude the sale of its hospital business, AMRI Hospitals Ltd., this month to The Manipal Group of Companies for about INR 24,000 million, after months of negotiations and legal battles, said industry executives. About INR 16,500 million of the proceeds of the deal will be utilised for servicing the existing debt of AMRI Hospitals which will make the business completely debt-free, the executives told.
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- Emami May Seal AMRI Sale to Manipal Group This Month