A leading FMCG company, Emami Ltd said on Friday that it is now looking forward to acquisitions in the Indian market. It is targeting companies within the personal and healthcare sector and will be looking for the ones which are having a strong hold on the domestic markets.

During the AGM of the group, Emami Chairman R S Agarwal said that the takeovers can also be done in the overseas markets. The company has already mandated Ernst & Young to work as the adviser and the things are at present only on the evaluation stage.

He further added that the current market capitalization of the firm is high and will be targeting companies which have the same within rupees 800-1000 crore. Also the company needs to have strong brand strength.

The last major acquisition done by the company was that of Zadnu.

As for the overseas markets, he said that Emami has already tried in Turkey and UK, but it failed to go ahead there. The present outlook is for those with worth of rupees 1500crore or above.

Post the declaration, the shares of the company went up.