We are looking at acquisitions in India. And globally we are looking at acquisitions wherever we have presence West Asia, Africa and Russia, director Harsha Vardhan Agarwal told reporters after the annual general meeting.
The acquisitions will certainly be in the areas where we are. We are discussing with the companies, he said.
The company, however, is planning to wind up its subsidiary in the UK and the winding up would not impact its overseas operations as it was a dormant trading company.
For the UK subsidiary we are applying for liquidation. In UK we have no plant, CFO NH Bhansali said. Agarwal added that UK was not a focus area and the company saw better opportunities in other countries. On the Kolkata-based companys subsidiary in Egypt, Bhansali said it was evaluating the options of reviving its operations in the African nation. Emami has a small plant in Egypt.