NH Bhansali, CFO of Emami Group said that the investment of Emami in Rama Newsprint is only a strategic investment. The company has not formed any plans to up stake in Rama News Print. Real estate arm listing should take a month or so, he added.

Emami Group has scaled up holding in Rama Newsprint to 5%. Rama Newsprint is an SK Bangur group company. The company already holds over 4% via various group companies in Rama News Print. Stake hike is termed as a strategic investment by the company.