Franklin Templeton Mutual Fund decreased its stake in Emami Limited from 1.87% to 1.84%, selling 1,56,156 shares for ₹6.4 crore.
A manufacturer and marketer of personal care and healthcare products, Emami operates a diverse portfolio of established consumer brands including BoroPlus, Navratna, Fair and Handsome, Zandu Balm, Kesh King, Zandu Pancharishta, and Mentho Plus Balm. The company combines traditional wellness formulations with modern distribution networks to serve consumers across beauty, personal care, and ayurvedic health categories throughout India.
Indian arm of Franklin Templeton Investments, a global AMC with over USD 1.5 trillion in assets worldwide. Manages over Rs 1.2 lakh crore in India. Navigated a significant setback when six debt schemes were wound up in April 2020 due to illiquid credit exposure, with full investor capital recovered by 2022. Equity franchise led by CIO Anand Radhakrishnan has maintained consistent performance through the volatility.
