Marico was also 2.3% higher at Rs518.10 per piece to push up the index.
The acquisition is for a consideration of Rs70 crore.
The 100-year-old company is a major player in the domestic soft drinks market.
Badshah Masala Private Limited has become a subsidiary of Dabur India Limited w.e.f. January 02, 2023.
RCPL would make a Public Announcement to the public shareholders of LOTUS to acquire up to 33,38,673 equity shares of LOTUS.
The move is aimed at increasing domestic supplies and bringing down prices of cooking oils.
Edelweiss Financial Services and ICICI Securities have been appointed as lead managers of the IPO.
Burman family has sold off its stake to raise funds for financing some of its ventures.
Speaking at the North Eastern Council's (NEC) 70th plenary meeting in Guwahati, Shah said that the merger process has already begun.
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