The indebtedness of Emami Infrastructure Ltd and Zandu Realty Ltd is Rs 1545.36 Crores and Rs 11.40 Crores. The merger will imply ZRL’s debts being taken over by EIL, but also simultaneously increasing EIL’s net worth to Rs 214 crore from Rs 26 crore. The merged entity will have better debt equity ratio and in the process lower cost of funds.
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