Kolkata-based FMCG major Emami has informed that it is searching the options to build a manufacturing facility in Africa, with the aim to bolster its hold in the ontinent.

According to the sources, the conglomerate is mulling to pump around Rs 90 crore for the proposed facility which is expected to be functional by fiscal 2010.

Emami, a leading consumer products manufacturer, has made announcement that the company is proposing to exit from the real estate business by divesting 100 percent stake of its wholly-owned arm, Emami Realty.

According to the company officials, Emami is in talks with other parties for marketing the stake of the company in the realty firm.

The source close to the company said that the buyer could be one of the various group conglomerates of Emami, or any other entity outside the group.